UK NHS pension query

[DrWu]

I'm fortunate enough to be in the NHS pension scheme (one of the few perks of working for the NHS!) and because I am one of the special classes I can retire on full pension age 55 (which is nice!) I can work out the pension and the lump sum easily enough but what I can't figure out is just what deductions there will be from the pension on a monthly basis? Okay, I will have to pay tax, that's simple enough to figure out I will no longer have superannuation payments going off...fine But what about National Insurance payments? I will be 55 and have an income from thepension of about 15.5K per year (it's index linked) do I have to pay NI contributions still?

[kags]

No, you will not have to pay NI on your pension. You will continue to be liable for NI on any earnings from employemnt (for example, if you took a part-time job) until you are 65. The current threshold is �91 a week. It might be worth asking for a prediction of your state retirement pension at age 65, as it may be a good idea to pay voluntary contributions to maintain a decent pension. Try http://www.thepensionservice.gov.uk/atoz/atozdetailed/rpfore cast.asp

[kags]

The above assumes you are male, if you are female you can claim your state pension at 60.

[DrWu]

Thanks for that Kags

[kags]

you're welcome - enjoy your retirement!

[DrWu]

er...I will but what I forgot to mention is that it's not for 13 years yet!! oh well..nothing like planning ahead!