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What to do about NHS pension?

8 replies

BerthaKit · 09/01/2024 08:25

After 20 years working in the NHS I have left and now self employed.
Any idea what I am supposed to do about my pension? Can I keep paying into it from my own earnings or do I need a whole new one?
I did ask HR but they were useless.

OP posts:
OneMoreTime23 · 09/01/2024 08:27

You can’t pay into it if you’re no longer an NHS employee. Just leave it there until your retirement date and start a private pension.

NYName · 09/01/2024 08:30

Agree with PP, just leave it where it is until retirement age (60, 65 or 67 depending which nhs scheme it is)
Start a new private pension as you cannot pay into an NHS one if no longer employed by NHS

BerthaKit · 09/01/2024 08:39

Thanks. Thought so but slightly annoying as there will be bits all over the place.

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BIossomtoes · 09/01/2024 08:45

It’s not that annoying. I have four occupational pensions, three of which are local government, presumably you’ll have two.

JesusMaryAndJosephAndTheWeeDon · 09/01/2024 08:46

Bits all over the place isn't too bad, it spreads risk and adds flexibility

OneMoreTime23 · 09/01/2024 08:56

Indeed. I have a civil service pension, an NHS pension and have consolidated smaller less good pensions into a SIPP. Will have a 4th pension with my next job.

OneMoreTime23 · 09/01/2024 08:57

They all have different retirement ages so consolidating would be a really bad idea.

quisensoucie · 09/01/2024 08:58

@BerthaKit Yes, you may have a couple of different pots, but the NHS one will take care of itself happily.
But worth having a chat to Pensionline (free advice)

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