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NHS Pension scheme silly question

1 reply

Orionono · 05/12/2021 11:55

I've recently joined the NHS pension scheme and asked for a quote to transfer in my old pension. It's come back as follows :

Transfer value £6464.06

Pensionable earnings credit £21925.83
Club earned pension credit £0
Scheme year ending 31/03/22
Pensionable membership 2 years 269 days

So, does that really mean if I transfer in they will credit the pension with the equivalent of 2y 269d at a salary of £21925? So at 1/54th, about £90 a month?

Considering my current pension (with The Peoples Pension) was predicting £20pm for that, that can't be right?

Thank you Smile

OP posts:
Polkadotties · 05/12/2021 22:01

What a weird way of laying it out. In the LGPS we would just say that £6464.06 would provide an additional £x of annual pension.

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