NHS Pension Scheme – Leaving Early

NHS-Pension-AgencyThe following options are available to those who leave the NHS Pension Scheme early.

  • If you have been within the Scheme for 2 or more years you can leave your benefits within the Scheme. These are called deferred benefits and the value is fully index linked.
  • You may be able to transfer the benefits to another pension provider even if you have less than 2 years’ service.
  • If you have been a member of the Scheme for less than 2 years you can have a refund of the contributions (Tax and National Insurance contributions will be deducted to buy you back into the State Second Pension).
  • If you have been a member of the Scheme for less than 2 years and take time out from the scheme such as working abroad to further your career, and the period away is less than 12 months, you can rejoin the scheme without losing the benefits you had already accrued.
  • If you have been a member of the Scheme for less than 2 years and take time out from the scheme such as working abroad to further your career, and the period away is more than 12 months, the NHS Pension scheme may, at its discretion, allow you to rejoin the scheme without losing the benefits you had already accrued.