IMPROVING YOUR RETIREMENT BENEFITS

In order for you to receive the maximum income and lump sum retirement benefits from the NHS Pension Scheme, you must have completed a minimum of 40 years’ membership.

If it is unlikely that you will achieve this by the time you wish to retire, there are ways in which you can enhance your retirement benefits.

The following options can also be used to improve your retirement benefits.

The options are:

• Additional Income Option
• Money Purchase AVC option

Private Pension Schemes

You can also improve your Retirement Benefits by making Private Pension arrangements to supplement the NHS Scheme. This can be particularly helpful for Dental Associates or Principals who have a small amount of NHS fee income and will therefore not receive a large NHS pension or alternatively for a Doctor or Consultant who has a private income which you wish to pension thus reducing your liability to income tax. See our Private Pension Arrangements page for further details, or contact us to discuss the best possible solution for your specific circumstances.

Next: Increasing Your Life Cover