NHS pension advice

[Apricotfool]

Hello

My DD has just started a new NHS job and has just had her first pay slip. She’s paying 5.6% into her fund...great!

What contributions would her employer make. Unison says 21% but this seems so high. Can anyone explain it simply to us please?

Thanks

Not in the NHS but it will be in her contract. I would have thought each band has a different contribution by the employer I know my pension does at a university

20.6% - it used to be ~15% but it went up last April. The increase is currently being funded by centrally as it's a big cost for NHS organisations.

My advice would be to pay in, if she leaves within two years she'll be able to take her contribution back as a lump sum, but otherwise it's an investment for future.

Thanks for the advice. Agreed it’s a great investment. My employer pays 10% so I just wanted to check I was reading it right.

Thanks @kshaw too. The employee contribution is tiered but I think the employers is a blanket 20.6%. We will check the contract though too

You can find the information online - it's a defined benefit (pension based on salary & number of years in the scheme) rather than defined contribution (where employee & employer put ££ in a pot & it's invested & you buy an annuity on retirement with the "pot") so, employer's contributions are higher to keep the scheme funded