Ep 337: NHS Pension for New (and current) Doctors: The £7 Billion Question

Join Medics' Money with a free guide here: https://medicsmoney.co.uk/free-guide/In part two of the Medics' Money New Doctors' Finance series, Dr. Ed Cantelo sits down with specialist medical accountant Andy Pow to break down the NHS pension.Topics covered:What the NHS pension is and how the 2015 defined benefit scheme worksHow contributions are calculated (tiered rates, tax relief)Why the pension isn't invested — how the scheme is fundedWhere to check your pension record (Total Reward Statement) and what documents to keep (P60s, P45s, payslips)Family and ill-health protections built into the schemeThe risks of opting outRetirement age, early/late retirement, and partial retirement optionsWhere to find more resources (medicsmoney.co.uk, YouTube)Want the latest financial tips for doctors and exclusive invites? Join 71,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.comWant to improve your finances fast? Then come on our coursehttps://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/Want to find out more about our other courses?www.medicsmoney.co.uk/coursesFollow us on InstagramFollow us on TwitterDisclaimer:The information provided in this content is for educational and informational purposes only and does not constitute financial advice. You should not rely on this content as a substitute for professional advice tailored to your specific financial situation. The value of your investments can go down as well as up. Past performance is not indicative of future results.