NHS pension or nest.

andybodoyd

Yep- want a reply by 3rd of April 2023.

Pat38493

andybodoyd said:

Yep- want a reply by 3rd of April 2023.

LOL - from NHS pensions who from my wife’s experience take months to reply to any query?

Brista

Did anyone on here have any success in transferring NEST into NHS 2015 scheme ? I rejoined the NHS scheme in April 23 and applied to xfer NEST in June, but have had no information from them at all. 

Marcon

Brista said:

Did anyone on here have any success in transferring NEST into NHS 2015 scheme ? I rejoined the NHS scheme in April 23 and applied to xfer NEST in June, but have had no information from them at all. 

Have you chased up?

Brista

Marcon said:

Brista said:

Did anyone on here have any success in transferring NEST into NHS 2015 scheme ? I rejoined the NHS scheme in April 23 and applied to xfer NEST in June, but have had no information from them at all. 

Have you chased up?

I have contacted them a couple of times and just chased them again today. Same response every time , they say there is a backlog of "transfer in" requests and they will respond in date order. Their target  time is two months , which they are way past.

jamesd

NHS definitely wins for ongoing contributions.

For NEST it depends a bit on the terms. If they let you transfer in at an enhanced rate to get close to where you would have been if you'd been active under the new rules then that'd be a good deal.

If it's a standard transfer in then it might be best to keep NEST but turn off lifestyling and switch to the Sharia fund, which seems to be their least bad growth option. With ten years to go their lifestyling may already be shifting you into low growth investments. I'm assuming only a few thousand in NEST and no ongoing contributions.