Help with my NHS pension

tom22greg18

Hi I am planning to retire at the end of June this year but the more information I read the more confused I am .I started working for the NHS in 2011 does this mean that I have paid into both the 1995 to 2008 and the 2015 scheme  

Dazed_and_C0nfused

tom22greg18 said:

Hi I am planning to retire at the end of June this year but the more information I read the more confused I am .I started working for the NHS in 2011 does this mean that I have paid into both the 1995 to 2008 and the 2015 scheme  

Doubt you would be the 1995 scheme.

What does your ABS show?

hyubh

tom22greg18 said:

Hi I am planning to retire at the end of June this year but the more information I read the more confused I am .I started working for the NHS in 2011 does this mean that I have paid into both the 1995 to 2008 and the 2015 scheme  

Having joined in 2011, you fall under the so-called 'McCloud remedy'. So, 2008 scheme to March 2022, then 2015 scheme from April 2022. On retirement you will be given the choice of switching your April 2015 to March 2022 membership to be on 2015 scheme terms instead.

Moonwolf

If you are currently working for the NHS you should be table to go onto ERS and find your total reward statement (TRS).  This will tell you which pensions you are in and what they are worth.You will need to take into account that you have the McCloud option @hyubh mentioned.

On McCloud, you need to look at the figures carefully but if you are retiring now then taking the years from 2015 to 2022 in the 2008 scheme is probably better but note that it isn't for everyone, don't just assume.

You don't say how old you are but if you are under 65 you will have to defer you pensions or take them with a reduction.

If you are over 65 but under state pension age you can take your 2008 without reduction but might have a reduction on the 2015.

tom22greg18

Thank you for you help one last thing please can anyone explain 4.7 as neither my employer or myself understand it 

LightFlare

says right at the top of AW8 Only complete Parts 6 to 14 of this form, your employer will complete Parts 1 to 5

your employer should know what to do - and if not presumably they are intelligent enough to ask the pensions department

no need for you to be involved and they really shound't be asking you

Marcon

Unless you have extremely substantial pension benefits (at least £1m+ in capital value - not the annual pension payment!), it's highly unlikely to apply. If you don't even understand the terminology, it sounds very unlikely that you ever applied for protection - you're the one who would have the details/certificate if so (and would/should have provided it to your employer/the pension scheme).

Here's what those particular bits of jargon are all about: https://www.gov.uk/guidance/pension-schemes-protect-your-lifetime-allowance

inigma

Moonwolf said:

If you are currently working for the NHS you should be table to go onto ERS and find your total reward statement (TRS).  This will tell you which pensions you are in and what they are worth.You will need to take into account that you have the McCloud option @hyubh mentioned.

On McCloud, you need to look at the figures carefully but if you are retiring now then taking the years from 2015 to 2022 in the 2008 scheme is probably better but note that it isn't for everyone, don't just assume.

You don't say how old you are but if you are under 65 you will have to defer you pensions or take them with a reduction.

If you are over 65 but under state pension age you can take your 2008 without reduction but might have a reduction on the 2015.

My wife said her NHS trust is unable to log on to ERS as they are moving on to a new system (they lost access in 2023)  Do you know what the replacement system is (I am assuming it is NHS wide)?

Moonwolf

inigma said:

Moonwolf said:

If you are currently working for the NHS you should be table to go onto ERS and find your total reward statement (TRS).  This will tell you which pensions you are in and what they are worth.You will need to take into account that you have the McCloud option @hyubh mentioned.

On McCloud, you need to look at the figures carefully but if you are retiring now then taking the years from 2015 to 2022 in the 2008 scheme is probably better but note that it isn't for everyone, don't just assume.

You don't say how old you are but if you are under 65 you will have to defer you pensions or take them with a reduction.

If you are over 65 but under state pension age you can take your 2008 without reduction but might have a reduction on the 2015.

My wife said her NHS trust is unable to log on to ERS as they are moving on to a new system (they lost access in 2023)  Do you know what the replacement system is (I am assuming it is NHS wide)?

I’m not aware of a national replacement for ERS and I’m still using it, I logged on today.

LightFlare

inigma said:

My wife said her NHS trust is unable to log on to ERS as they are moving on to a new system (they lost access in 2023)  Do you know what the replacement system is (I am assuming it is NHS wide)?

We had an email about it a few weeks ago - will try and dig out the details  although,as above, my ESR was working as intended yesterday

Doesnt sound as if the trust is particularly well organised to have no access to ESR and no replacement in place

*edit:

Users of E-Roster - Introduction to Loop – the replacement

for Me App and Employee On Line/Medic On Line

not sure if that affects ESR or not