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Freedom Isn’t Free UK Personal Finance
Pensions

NHS Pension Calculator: What You Will Actually Get

The NHS 2015 scheme builds a pension of 1/54 (about 1.85%) of your pensionable pay each year, revalued by CPI plus 1.5% while you work. So 30 years on GBP 35,000 average pay builds roughly GBP 19,400 a year, payable from your State Pension age. It is a defined benefit promise, not a pot.

What the NHS 2015 scheme pays (annual pension, today money)

Average pensionable payAfter 20 yearsAfter 30 years
GBP 27,000GBP 10,000/yrGBP 15,000/yr
GBP 35,000GBP 12,963/yrGBP 19,444/yr
GBP 45,000GBP 16,667/yrGBP 25,000/yr
GBP 60,000GBP 22,222/yrGBP 33,333/yr

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