Andrew wrote:

On 11/02/2018 23:20, Max Demian wrote:
The pension terms (both contributions and
benefits) have been altered many times over the years,

Nope.

The NHS superannuation scheme has a 1/80th accrual rate
and a retirement age of 60 and a tax-free lump sum of
3x first years pension. All this for a 6% employee
contribution, and GPs, despite being 'self-employed' are
full members of this scheme. Eat your heart out ARW if
you have to make your own provision.

Had, you mean, not has. And you fail to mention the employer's
contribution which was quite large. And, interestingly, GPs have to pay
the employer's contribution out of their gross remuneration, as
self-employed. And even all that is subject to a maximum pension pot of
1.2M which is equivalent to a relatively moderate final salary.




That was the case until 2011 when a new scheme took over
with a retirement age of 65, reduced, or no lump sum but
a better accrual rate.

There might have been changes to the civil service schemes
but some of them had a zero % employee contribution.


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Roger Hayter