Eligibility and Joining
The 2015 NHS Pension Scheme is open to any doctor in Bristol between the ages of 16 to 75. Remember you usually have be directly employed by the NHS.
You are not eligible to join if you are a either a doctor over the age of 75, you are a doctor already taking your 1995 Section NHS Pension Scheme benefits (unless under certain circumstances under the ill health provisions) or you are a doctor still in the 1995 or 2008 NHS Pension Scheme under certain 'Protection' arrangements
All doctors will be automatically enrolled into the NHS Pension Scheme, except freelance locum medical practitioners who do need to opt in. Membership is voluntary, and those doctors who opt out may be automatically re-enrolled by their employer every three years due to the auto enrolment process, if they are still eligible.
Costs and contributions
The costs of providing for doctors' NHS Pension Scheme are shared between doctors and their employers.
All doctors who are members of the NHS Pension Scheme make a contribution based on their pensionable pay. The higher the doctors' pensionable pay the higher their contribution is. The Scheme employer pays the rest. The rate at which any doctor pays varies from 5% for those doctors earning under £15,431.99 to 14.5% for those earning over £111,377.00.
Pension contributions are taken from your pay before tax, therefore you will receive tax relief on any amount you contribute.
Opting out of the Scheme
Doctors can opt out of the NHS Pension Scheme at any time, but they should be aware of the level of benefits provided.