NHS pension schemes — notes from the frontline breaking down changes

Advisers with affected clients urged to seek specialist advice

clock • 4 min read

With different NHS pension schemes, new rules and unresolved changes to legacy arrangements, it can be difficult to work out the answers to straightforward questions from NHS employees from when such clients can retire, and how much income they are likely to receive.

When talking about this topic, at conferences or to clients there are several key areas including: the ongoing age discrimination case (the McCloud judgement) and what it really means; questions around when people can access their NHS pension under the new flexible arrangements, and questions around the recently scrapped lifetime allowance. People want to know what would make the most financial sense for them regarding these issues, whether it be taking the 1995 pension, staying in work, returning to work - or whatever their particular circumstances dictate. Two questions we are frequ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

QROPS class actions: What next for frustrated UK expats?

QROPS class actions: What next for frustrated UK expats?

Calls for reform across the board as insurers fight back in IoM

Isabel Baxter
clock 29 May 2025 • 7 min read
Baroness Altmann calls for 25% UK investment in exchange for pension tax reliefs

Baroness Altmann calls for 25% UK investment in exchange for pension tax reliefs

Former pensions minister says bold reform would be a game-changer for UK growth

Jonathan Stapleton
clock 07 May 2025 • 2 min read
'The purchased life annuity market deserves to grow': Should there be more options?

'The purchased life annuity market deserves to grow': Should there be more options?

A ‘lack of competition in the market’

Isabel Baxter
clock 29 April 2025 • 4 min read