Anyone who starts working for the NHS automatically becomes a member of the NHS Pension Scheme, but membership is voluntary and you can opt not to join and leave the Scheme at any time by completing form SD502. This form is available from your employer.
Members of both Sections are entitled to:
- A pension linked to pay and length of membership. (Benefits are fully guaranteed and will increase each year to keep pace with inflation);
- Immediate life assurance of twice your annual pay from the first day of joining. This is usually a tax-free lump sum payable to anyone or your estate;
- Pensions and allowances for your spouse, civil partner, qualifying unmarried partner*, and dependent children if you die;
- A tax free lump sum (optional in the case of members of the 2008 Section);
- Voluntary early retirement** from age 50*** (1995 Section) or 55 (2008 Section) members will receive an actuarially reduced pension because the pension will be paid earlier and for longer.
If you would like to know more about the NHS Pension Scheme, visit the NHS Pensions Website at www.nhsbsa.nhs.uk