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Understanding your statement
If you are looking for general information on understanding your statement, you can watch a recording of the recent 'Your Total Rewards Statement Explained' event on YouTube. This video will also explain why your TRS will look different if you are…
Pension
How we calculate your estimated NHS pension.
Officer pension statement
We estimate your NHS pension based on your employer's last update of your records.
We do this using your:
NHS Pension Scheme membership
pensionable pay
The figure…
Maximum lump sum
Information on exchanging part of an annual pension for a lump sum.
At retirement, members may be able to exchange some annual pension for a lump sum / larger lump sum.
This applies to:
1995 section (except members who left before 1 April 2008…
Your updated Total Rewards Statement (TRS) or annual benefit statement (ABS) is available now
If you’re a member of the NHS Pension Scheme, your updated Total Rewards Statement (TRS) or annual benefit statement (ABS) is available to view online now.
If your organisation uses Electronic Staff record (ESR), you will be able to use this to…
Lump sum
If you’re a member of the 1995 Section
The 1995 section automatically provides members with a lump sum at retirement. This is normally 3 times their pension.
If you're a member of the 2008 Section
If you moved to the 2008 section as part of the…
Hypothetical annuity cost
Hypothetical annuity cost is not a standard benefit. It's included on your statement to show the likely cost of buying similar benefits on the ‘open market’.
The figures are based on market conditions at this date. Costs could vary significantly at…
Disclaimers
We do not include a projection of your pension at retirement as part of your statement.
NHS pension benefits for membership after 2015 are also subject to change.
In 2015, the government made changes to most public service pension schemes,…
Standard benefits
Both Officer pension statement and Practitioner pension statement show your standard benefits.
Standard benefits are an estimate based on the latest known information to show what your pension may be worth at this time.
If you want to take…
Pay
Information about how your pay is used to calculate your benefits.
Officer pension statement
In the 1995/2008 Scheme, we calculate your benefits for the NHS Pensions Scheme:
using your ‘final year’s pensionable pay’ for the 1995 Section…
Contributions
Information about the contributions paid into the Scheme.
Employee contributions
This is the annual contributions you paid into the scheme during the year.
This is prior to the ‘updated to’ date on your statement. It excludes added years and…