Salary sacrifice out of higher tax

crv1963

Grumpy_chap said:

crv1963 said:

SacredStephan said:

crv1963 said:

This something that I also have seen. Work the maths out before moving roles, if currently NHS employment then you are getting 1/54th of your salary promised to you on retirement, each and every year, index linked. Plus the other benefits - six months full pay, six months half pay in the event of sickness, two times salary as death benefit- a form of life insurance.

And a survivor's pension for your spouse or partner if you pre-decease them.

SacredStephan- which is part of the reason why I am buying additional pension, i) reduces HR tax now, ii) increases pension when I get it and iii) gives my wife (who has a much poorer pension provision being all DC) an improved survivors pension which is of course DB.

I thought the proposal was to SS into SIPP from the new employment (private sector), not buying additional NHS pension now?
SS into the SSIP won't typically guarantee survivors pension for spouse.
The value of the NHS pension is shockingly good.

Indeed so but sometimes people don't realise what they are giving up in trying to move forwards. Many of my colleagues don't realise what they have in the hand in pursuit of the two birds in the bush. I was clumsily trying to get this point across. I work with so many including some medics who say the NHS pension is too expensive to be in!