5 Ways You Can Contribute More To Your NHS Pension!
Channel: Financial Madness
Date: 2021-04-19

Everything you need to know about How to Contribute More to the NHS Pension Scheme. This is of course, the retirement fund for those amazing hard workers that work day and night in such a challenging environment. 
Check out my earlier video on NHS Pensions Explained: https://www.youtube.com/watch?v=6G0zjF3V83M

Chapter Information:
0:00 Introduction
1:08 #1 Additional Pension
3:48 #2 Money Purchase Additional Voluntary Contributions (MPAVC)
5:44 #3 Early Retirement Reduction Buy Out (ERRBO)
6:56 #4 Half Cost Added Years
7:32 #5 Bigger Lump Sum Purchases
8:27 Know your Tax Allowances!

▶NHS Pension Scheme - Additional Pension Calculator:
http://www.nhspensions.nhsbsa.nhs.uk/PensionCalculators/AdditionalPension/index.aspx

▶MPAVC Scheme Pension Providers:
- Standard Life
- Prudential: https://www.pru.co.uk/rz/nhs/

▶Financial Madness - NHS Pension Spreadsheet (used in the demo):
https://docs.google.com/spreadsheets/d/1GHcrRnKQO5aOq0U1BK0HfmS01nwpdhnk0wd65VHjqYs/edit?usp=sharing

▶NHS Pension Scheme - Contribution Rate:
https://www.nhsbsa.nhs.uk/member-hub/cost-being-scheme

DISCLAIMER - Any advice or (statements perceived to be advice) given in this video and any other videos on my channel are for information purposes only, and does not act as financial advice.  Your  are fully responsible for your financial decisions. If you are in need of Financial Advice, please seek out a professional advisor. If your are unsure on how to do this, feel free to reach out to me and I am more than happy to guide you.

#NHS #NHSPension #Retirement