NHS PensionCalculator for Doctors
Estimate your NHS pension across the 1995, 2008 and 2015 schemes, see your projected retirement income and tax-free lump sum, and check whether your pension growth could trigger an annual allowance tax charge.
1995, 2008 & 2015 schemes
Designed for doctors
Annual allowance check
FCA-regulated advisers
Your pension inputs
Adjust the assumptions below to estimate your NHS pension.
Age assumptions
Current age
18
74
Retirement age
50
75
15 years until retirement
Pensionable pay (annual)
£0
£250k
Based on your annual NHS pensionable earnings before tax.
NHS Pension Scheme membership
Pre-filled from your age — adjust the years if your service differs.
1995 Scheme
Apr 1995 – Mar 2008
yrs
2008 Scheme
Apr 2008 – Mar 2015
2015 Scheme
Apr 2015 – Present
yrs
Enter your current accrued figures from your latest NHS Total Reward Statement for an accurate result. Leave blank to estimate from your age.
1995 Scheme — current pension (per year)
£
£
2015 Scheme — current pension (per year)
£
Your estimated NHS pension at age 60
Take-home income, after tax
£3,801
/mo
Per month
£45,610
/yr
Per year
£55,070
/yr
Annual pension
+
£77,219
Tax-free lump sum
Annual pension by scheme
2015 Scheme
£29,330 (53%)
1995 Scheme
£25,740 (47%)
Annual allowance
Within
your allowance
Allowance: £60,000
Pension input amount: £25,185
Important
Tax rules and pension allowances may change. These figures are estimates, not personal financial advice — please speak to a specialist adviser for personalised advice.
Taking benefits at age 60 applies an early-retirement reduction to one or more sections.
Expected pay growth
0%
6%
CPI assumption
0%
6%
Commute to cash
0%
100%
Get your annual allowance position reviewed
A specialist adviser for medical professionals can check your figures and explain your options.
NHS pension questions doctors ask
The 1995 section pays 1/80 of final salary per year plus an automatic lump sum, the 2008 section pays 1/60 of final salary, and the 2015 scheme is career-average, building 1/54 of each year's pay revalued by CPI plus 1.5%. Since April 2022 everyone builds up in the 2015 scheme.
The annual allowance limits how much your pension can grow tax-free each year, currently £60,000. In a defined benefit scheme, pay rises can spike the growth in your pension's value, so consultants and senior GPs can face a charge even without paying in extra.
If your threshold income is over £200,000 and your adjusted income is over £260,000, the £60,000 allowance reduces by £1 for every £2 of adjusted income above £260,000, down to a floor of £10,000.
Yes, through Scheme Pays: the scheme settles the charge with HMRC and reduces your pension in return. Mandatory Scheme Pays applies above set limits. A specialist can help you decide whether to use it.
Normal pension age is 60 in the 1995 section, 65 in the 2008 section, and your State Pension age in the 2015 scheme. Taking benefits earlier usually applies an actuarial reduction.
No. It is an estimate to help you understand your position. Your NHS Total Reward Statement is authoritative, and you should speak to a specialist adviser before making any decision.
These figures are estimates to illustrate your position, not personal financial advice or a personal recommendation. Your NHS Total Reward Statement is authoritative. Figures reflect the 2026/27 tax year (checked 28 June 2026).