Does anyone know the answer to this or know where I can find out ??

[CrackerNut]

My mum paid into an NHS pension for 4 years, paying roughly £15 a week. After the 4 years she opted out but still works in the NHS.

She is 60 next April and is assuming that her pension will be paid to her in a lump sum (is that correct), but she wants to know how much she will get.

She has rung and asked them to send her a figure, but they said it will take 6 weeks and she really needs to know now.

So, a)will she get it in a lump sum, b)is it likely to be at least what she paid in ?

It will not be a lump sum, although there may be an option to take part of it as a lump sum.

They should provide a statement each year with a projection of what she could receive (based on certain assumptions). Does she have last year's statement? This will probably give the best indication.

Apparently she thinks it will be a lump sum because it is only a small amount so not worth dividing up into smaller payments.

Is that wrong then ? I'm not sure where she got that info from.

As far as I know she has only ever recieved any info from them when she has requested it, so no annual statment.

Oops sorry, should have read more carefully - this amount probably can be paid as a lump sum. Only the scheme administrators can tell you how much you might get though.

No need to be embarassed, you know loads more about it than either me or my mum lol.

Thanks, will let her know.

dh has a letter from nhs pensions agency
which quotes

the pension is 1/80th of pensionable pay for each year and part year of scheme membership.
tehrefore

scheme membership in days x £penshionable pay
over 80 X 365

= pension.

hope that makes sense

Hmm, I might have to read that several hundred times before it goes in LOL.