SPPA NHS Pension contributions

nursiebigfeet

I work a second job in the NHS Scotland and pay higher rate tax on all monies earnt. I would like to pay 100% of earnings into my NHS pension and will still be under the 60 000 K limit. Can I check the govt will match contributions and I can opt to do this?
I intend to live off my primary full time employment so it seems a no brainer to me to put all of my secondary earnings toward my NHS pension to avoid the level of tax imposed on me.

Opinions welcome.

JoeCrystal

Do you not understand how the NHS pension works?

Read this https://pensions.gov.scot/nhs/growing-your-pension/increasing-your-pension and that https://pensions.gov.scot/nhs/growing-your-pension/taking-your-pension-early-no-reduction

Remember that if you contribute via salary sacrifice, you will not be allowed to salary sacrifice below the minimum wage.

nursiebigfeet

JoeCrystal this is my second employment with no contractual hours in place the terms may indeed be different. I do not wish to purchase lump sums rather I wish to give over my whole earnings straight to the pension prior to any taxation being placed on the earnings. My taxation code is recognised as a second employment therefore to volunteer 100% to the pension scheme would seem a better option. It is not so much about the pension as the ability to reduce the taxation which the finance office have advised would be possible. The difference would be that if I don't work I don't get paid and if I work less one month I will always get a nominal amount for hours worked. there are so many caveats and SPPA are not the quickest at responding hence the questions.

r6mile

Your best bet is to join the NHS Additional Voluntary Contribution Scheme - which is a defined contribution scheme - and set your contributions so that the total pension contribution between the main NHS scheme and the AVC scheme is 100%. So if your NHS pension contribution is 10%, then set the AVC contribution at 90%. It won’t be matched but obviously you will receive tax relief, in that your contributions will be added before tax is deducted.