UK NHS pension calculator

NHS Pension Scheme 2015 rules

Under the NHS 2015 CARE scheme, NHS staff accrue 1/54th (1.8519%) of pensionable earnings each year, revalued annually by CPI + 1.5% while an active member.

Employee contribution tiers range from 5.2% to 12.5% based on actual pensionable pay. Members can exchange £1 of pension for £12 of tax-free cash up to 25% of capital value.

Worked example: NHS pension calculation

A Nurse or Midwife on Band 6 earning £42,000 with 20 years in the 2015 scheme accrues an annual unreduced pension of £15,556 per year (£1,296 per month) with a member contribution rate of 9.8%.

Inputs for the nhs pension calculator