Ep 337: NHS Pension for New (and current) Doctors: The £7 Billion Question

Ep 337: NHS Pension for New (and current) Doctors: The £7 Billion Question11 aug27 min

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In part two of the Medics' Money New Doctors' Finance series, Dr. Ed Cantelo sits down with specialist medical accountant Andy Pow to break down the NHS pension.

Topics covered:

What the NHS pension is and how the 2015 defined benefit scheme worksHow contributions are calculated (tiered rates, tax relief)Why the pension isn't invested — how the scheme is fundedWhere to check your pension record (Total Reward Statement) and what documents to keep (P60s, P45s, payslips)Family and ill-health protections built into the schemeThe risks of opting outRetirement age, early/late retirement, and partial retirement optionsWhere to find more resources (medicsmoney.co.uk, YouTube)

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