New Nhs Pension Choice at Retirement - More Pension or More Cash?
In the past when it came to how the NHS paid your pension, it was very simple. You had a pension based on the number of years’ service in the Scheme, your income, and whether you had purchased added years. You also received a tax free lump sum of three times that pension (although GMPs and GDPs have their pension entitlement calculated on a slightly different basis). No thought was required when you reached retirement age.
For more information click the following article source link for the full story:
http://www.articlesbase.com/finance-articles/new-nhs-pension…
