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In this episode Ben reunites with NHS pensions expert Paul Gordon to explore recent changes to the NHS pension scheme. Paul last joined us in March 2023, they start by revisiting their previous discussion and the scheme’s updates. Paul shares the positive changes, and the popularity around them, as well as the associated restrictions. He provides insightful details, including calculations and their impact on individuals’ pension plans. Paul also offers a glimpse into the future – hoping for an increased clarity in navigating the complicated topic.

Introduction (0:09)

Recap from March 2023.. (0:35)

24 hour retirement changes.. (1:33)

What’s different now? (2:55)

Age restrictions.. (3:32)

A rise in partial retirements.. (4:24)

Working less, earning more (5:35)

Changes to the annual allowance.. (6:14)

Better rate of growth for McCloud period.. (11:01)

Annual allowance growth charge.. (11:56)

Lifetime allowance being abolished.. (13:11)

Accessing your pension information.. (15:05)

Checking your pension information.. (17:08)

Making a decision (19:02)

Decision at the point of retirement.. (21:21)

Contact details (23:13)

Get in touch with Paul via email here.

For all enquiries about the Ockham podcast, please contact Ben Gowland here.