Broadly in 1995 (or “legacy”) pension scheme, each year you got 1/80th of your “final salary” as a pension & 3/80th a tax free lump sum
1/ A thread [1/2]about your NHS pensions, tax & the age discrmination “McCloud” case👇
OK this is complicated stuff, Im going to take you through it step by step. But its important, and will affect your pension, so buckle up and pay attention!
Please share & RT/share awareness
Broadly in 1995 (or “legacy”) pension scheme, each year you got 1/80th of your “final salary” as a pension & 3/80th a tax free lump sum



● CARE (not fin sal)
● 1/54ths (not 80ths/60ths), “revalued” at 1.5%/yr
● State pension age (not 60 or 65)
● Final salary link maintained for pre-2015 pension
Government ignored him and decided to either fully protect those closest (full protection) or just behind this cohort (tapered protection)
Whoops



contin/ 26.. https://t.co/jSvpkEyzj0
Cont\U0001f447
— Dr Tony Goldstone \U0001f499 (@goldstone_tony) February 13, 2021
26/ If you have paid AA tax between 1995-22 it is likely your charges will be lower in 1995 than in 2015 scheme. This is because the AA rules are particularly unfair to members of 2 schemes. If your AA charges go down during any of the remedy period, you can claim a refund
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