How we calculate your estimated NHS pension.
Officer pension statement
We estimate your NHS pension based on your employer's last update of your records.
We do this using your:
- NHS Pension Scheme membership
- pensionable pay
The figure shown is an annual amount.
1995 section
Members receive 1/80th of their pensionable pay for each year or part year of membership. The calculations for this are as follows:
1/80 × pensionable pay × years of membership
For example, 5 years and 213 days of membership is equal to 5.58 years of membership.
2008 section
Members receive 1/60th of their reckonable pay for each year or part year of membership. The calculation for this is as follows:
1/60 × reckonable pay × years of membership
For example: 5 years and 213 days of membership is equal to 5.58 years of membership.
You may be a member of the NHS Pension Scheme who moved to the 2008 section as part of the NHS Pension Choice Exercise. We reduce your pension to pay for the standard lump sum you must take.
2015 scheme
Members receive 1/54th of their pensionable earnings for each year or part year of membership. The calculation for this is as follows:
1/54 x pensionable earnings for Scheme year
This will be subject to revaluation on 1 April each year.
We produce your 2015 statement as of 31 March. The figures shown are not yet revalued.
Early Retirement
If you take your pension benefits early, they will be reduced if they're paid before your normal pension age.
How much the reduction is depends on how much earlier than the normal pension age we pay the pension.
Your Annual Benefit Statement doesn't include additional pension you bought or will buy. We calculate this at retirement. If you have an election for scheme pays then this deduction is not shown or included in your ABS.
Practitioner pension statement
We use your uprated earnings (practitioner remuneration) to calculate practitioner benefits.
1995 section
Your basic annual practitioner pension is 1.4% of this total amount.
2008 section
Your basic annual practitioner pension is 1.87% of this total amount.
We base calculations on the latest pay and dynamising factors we hold on your record.
2015 scheme
We calculate your benefits using your ‘pensionable earnings’ from each scheme year. These are in the pensionable earnings statement.
If you had separate periods of salaried hospital / community (officer) membership, we either:
- include this in your practitioner pension
- provide a separate officer pension
We calculate this officer pension as shown in the information in the officer section.
These separate officer benefits are then added to your practitioner benefits. They display as a single total on your statement. We’ll display reckonable or pensionable pay on your statement, and remuneration.
Your Annual Benefit Statement doesn't include additional pension you bought or will buy. We calculate this at retirement. If you have an election scheme pays then this deduction is not shown or included in your ABS.
Find out more in the member guides available on the NHS Pensions website.
Changes to public service pension schemes
In 2015, the government made changes to most public service pension schemes, including the NHS Pension Scheme. These reforms did not apply to members closest to retirement, who stayed in their legacy schemes with ‘transitional protection’. The Court of Appeal later found that this discriminated against younger members.
The government is removing this age discrimination from public service pension schemes where transitional protection was introduced. If you were affected by the changes in 2015, when it’s time to pay you your pension benefits, you’ll be asked if you want to receive legacy scheme or reform scheme benefits for your service between 1 April 2015 and 31 March 2022.
The government intends for the processes needed to support members to make their choice between legacy or reformed benefits for the remedy period to be in place by 1 October 2023. If you’ve already retired, or retire before this date, we’ll write to you and ask you to make your choice retrospectively. Everyone affected will be offered their choice and if needed, we’ll backdate all payments to your date of retirement.
From 1 April 2022, all active members regardless of age will be members of the 2015 NHS Pension Scheme. All legacy pension schemes, including the 1995/2008 NHS Pension Scheme will be closed.
You can find more information on our website.