NHS Pension explained - 2023 update

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Information NHS Pension explained - 2023 update

Title	:	NHS Pension explained - 2023 update
Lasting	:	37.42
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Views	:	13 rb

Really interesting thaank you, still finding the whole pension outcomes calculation quite confusing, Ive been in NHS since 95, so 95 scheme, 2008, 2015 scheme now dont quite get best options for ensuring stable and correct income for me as I approach last 5-8 years before looking to retire the Mcloud outcome as well has added a decision complexity that i don't quite understandwould be great to have a session on this please
Comment from : Jason Somerville

Zahid Hussain- Paediatrician (Child Doctor )

Hi Thanks for Nice VideobrI am joining NHS with Salary of 93000/month before TaxbrPlease Calculate NHS Contribution per month and My Contribution per month based on this salary
Comment from : Zahid Hussain- Paediatrician (Child Doctor )

Thanks so much! Just one question, what is the earliest you can request a closing value on pensions For eg if im also contributing to a sipp and want to be withing my aa, the last date to deposit a sipp is also the 5th apr Can closing values be requested calculated earlier than this?
Comment from : APTAMITRA1

Is the pension savings statement you show available on TRS? Thanks
Comment from : Ian Jones

I swear the NHS is a scam
Comment from : Abdul Rahman

Great video thanks brI have a questionbrMy NHS Annual salary is 72000 before Tax and NI brSo regarding my contribution to pension will be before OR after Tax ?
Comment from : Zahid Hussain- Paediatrician (Child Doctor )

Thanks so much! This is the clarity / understanding I've been trying to get to unsuccessfully for about 3 yrs! Guide is super helpful too - extract and TRS requested Bit of tangent question One of the podcast previously, I think mentioned ERRBO - and that doing so may fix your pension age rather than keep it linked to the state pension age but I've struggled to find evidence for this anywhere since - did I misunderstand this is or is that true? TIA
Comment from : Hannah Casson

im an FY2 if i leave to fully move to australia will i have wasted all my money i paid the last 2 years :( wish i had opted out
Comment from : TamaEnergy

I was seriously injured on duty & abandoned by Poole hospital, they told lie after lie I proved I was injured on duty & 13 years later finally received the permanent injury pension, yet not one pen pusher fired for lying to NS pensions & to pension ombudsman I still have issues as feel im under paid the injury pension NHS staff are treated as cannonfodder
Comment from : Kevin Verran

I hate pension , they make it so complicated and I constantly feel like a fool I just wish they pay us gross and leave us alone 😔
Comment from : Suhair Alwan

with new rules since Oct, my salary is 26520 (2210 a month), is this the figure used to calculate my contributions, or if I do overtime is this added to the figure to work out my contributions? (IE I earned £2543 last month and paid £24924 in contributions) but 8f its just based on salary i should of only paid £17017
Comment from : Andy Webster

So helpful thank you
Comment from : lywc82185

Are these calculations just for Medics in the NHS?
Comment from : SavvyShopper

Can you take the 1995 pension if your not paying into it,or retire and return
Comment from : Beverley Silcock

Thabk you for helpful contentbrCould you help me with this query If you only work as a Bank staff and have pension contribution deducted at 68 How is the annual pension calculated I understand usually its 1/54th of pensionable pay/yr but what calculation is done when you don't have a defined salary as working via Bank?
Comment from : Arhant Raja

Hi , I am a consultant and having contributing to 2 pensions I have been working as full time in As Consultant in 1 trust , paying 135 pension in this trust I have beeping also doing some emergency on call shifts in my previous trust as NHS bank and also contributing 95 pension contribution , for last five hrs I am in 1995 pension scheme My question will my earning as nhs bank shift , about 35 - 40K per year , will added in my final year salary , pension benefits Thanks
Comment from : Ram Ghasil

When you are calculating your threshold income and you are including income from rental of property, do you use the gross figure or are their deductions as on your self assessment Eg if you charge the tenant £1000 a month this is your gross income but on your self assessment you deduct allowances eg for servicing interest or fees associated and some for upkeep or repairs etc Is the net table rental income that you put on your self assessment what you use when you are calculating the threshold income for purposes of seeing if you are tapered?
Comment from : Alan Choo-Kang

Thank you, really clear explanation
Comment from : Louise Massey

shame the audio is so poor Try and invest in some proper microphones
Comment from : MouseyMedic

You are a legend Why is this info free? Thank you 🙏🏾
Comment from : jumpkeeable

I have exceeded my LTA and therefore pay a charge on my DB NHS pension With LTA now being removed will I have to still pay any charge if I crystallise a separate private pension?
Comment from : chris heavens