The small print in your private income protection policy will contain maximum allowable benefits and may make deductions for any NHS pension ill-health benefits you would have received anyway.
Please contact us on firstname.lastname@example.org to arrange for a complimentary review of your income protection needs. We have often found that a review of the small print in your income protection policy can save doctors thousands of pounds in needless premiums by reducing benefits/premiums to the optimum level taking into account your potential NHS pension benefits. A review might lead to a recommendation to cancel the income protection contract completely.
- NHS Pension Scheme Ill Health Retirement Benefits
For Scheme members with at least 2 years qualifying membership who are too ill to work in their present job - there is the option to apply to retire early due to your ill health and take your pension benefits. Remember you must be leaving work solely because of permanent ill-health. Upon application for ill-health retirement there is a medical assessment on you which will either classify you as 1. Claim Unsuccessful 2. Successful for Tier 1 ill-health pension 3. Successful for Tier 2 ill-health pension.
The ill Health Retirement Tiers are categorised as follows:
Tier one - The definition is you are unable to do your current job due to permanent ill-health. In this case you are entitled to your accrued NHS pension benefits without reduction.
Tier two - The definition is you are unable to do any employment due to permanent ill-health. In this case you are entitled to your Tier one benefits PLUS an enhancement of two-thirds of your prospective membership to your normal retirement age.
Please contact us for a review of your NHS pension scheme entitlements and your Income Protection needs on email@example.com or 0117 966 5699.