NHS Pension Explained 2025 | 1995 vs 2008 vs 2015 Schemes

🏥 If you work for the NHS, one of the most valuable benefits you have is your NHS Pension Scheme. It’s often called one of the best pensions in the UK — but it’s also one of the most complicated. In this video, we break it down step by step so you can finally understand how it works.

From the 1995 scheme and 2008 scheme to the modern 2015 career average scheme (CARE), we explain the differences, how your contributions are calculated, when you can retire, and what benefits you and your family are entitled to.

✅ In this video, you’ll learn:
What the NHS Pension Scheme is and why it’s so valuable
The key differences between the 1995, 2008, and 2015 NHS pension schemes
How pensions are calculated under final salary vs CARE (career average) rules
How much you contribute (NHS pension contribution rates from April 2025)
What benefits you get at retirement: annual income, lump sums, inflation protection
Early retirement options, leaving the NHS, and family protections
How tax rules like the annual allowance affect your NHS pension
Why opting out is rarely a good idea given the employer contribution of ~23.7%

💡 Key takeaway: The NHS pension provides a guaranteed, inflation-linked income for life, with generous employer contributions and valuable protections. It may seem complicated, but it’s one of the strongest financial benefits of working in the NHS.

👉 Whether you’re a new NHS employee, mid-career, or approaching retirement, this video will give you the clear, practical guidance you need to understand your pension.

📚 Learn more at: www.theindustryportal.com

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💬 Comment below: Which NHS pension scheme are you in — 1995, 2008, or 2015?
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