Changes to the NHS Pension Scheme

March 28, 2023

Following a period of consultation, the Department of Health and Social Care (DHSC) has confirmed it will implement changes to the NHS Pension Scheme to help employers to attract and retain valuable experienced colleagues, maintaining the capacity required to deliver high quality patient care.

The consultation outcome has confirmed the following changes:

1. From Saturday 1 April, colleagues who have taken their pension from the 1995 section will be able to join the 2015 scheme and build up further pension.
2. From Sunday 1 October, members of the 1995 section will be able to take some or all of their pension (using the drawdown option) while continuing to work for the NHS.
3. Removal of the 16 hour rule that limited the amount of hours an employee could work in the first month after returning to work from retirement.
4. Annual allowance calculations will be amended to exclude pension growth caused by rapidly rising inflation

Further information relating to this update can be found by clicking here.