Ep - 13 Firefighters, Judges and Doctors NHS Pension - what doctors need to know

Two part NHS Pensions podcast special. This week we will be discussing how two recent legal cases bought by Fire-fighters and Judges (McCloud and Sargeant), affects the NHS pension. If you haven't listened to last weeks episode on the basics of the NHS Pension scheme definitely listen to that first, unless you're already an expert. We asked Specialist Medical IFA Rachael Hall to tell us why two recent legal cases has wide ranging ramifications to the NHS Pension scheme. We talk about the pros and cos of Immediate choice exercise V the Defined choice underpin. We talk about the many issues including the implications for those that made contingent decisions, such as opting out of the scheme or the hokey cokey. We also discuss the problems with ill health retirement, ERRBO and those who have already retired. We answer some listeners questions such as "Is the 1995 scheme better than the 2008/2015 scheme?" "In what circumstances would someone choose to go back to 1995 scheme?" "What about contingent decisions like the Hokey Cokey or opting out to reduce tax liabilities" "Would Rachael rather have her private pension or her partner(Doctors) NHS Pension" *****Spoiler alert***** - despite the complexities and issues, Rachael would LOVE to have an NHS Pension. Contact Rachael here  https://www.medicsmoney.co.uk/accountant/sandringham-medical/   Medics Money email subscribers have had early access to this information.  If you want to  stay up to date with the latest financial information for doctors then join 21,000 doctors receiving free financial CPD via email by downloading our free ebook here   https://www.medicsmoney.co.uk/ebook/   More detail here https://www.medicsmoney.co.uk/mccloud-sargeant-nhs-pension/   Follow us on Twitter  https://twitter.com/medicsmoney   Like us on Facebook https://www.facebook.com/medicsmoney