BMA explains NHS 2010 pensions choice

GPs will be asked from the first quarter of 2010 whether they wish to switch from the current NHS pension, where GPs retire at 60, to the new one with a retirement age of 65.

Dr Andrew Dearden
Dr Andrew Dearden

Dr Andrew Dearden, the chairman of the BMA's pensions committee, explains what will happen in a five-minute video on the BMA's YouTube channel.


He says: ‘It is an opportunity for all current members of the NHS scheme, or those in the old scheme, to consider whether to transfer their pension benefit into the new NHS scheme.'

GPs in Scotland and Northern Ireland will all be given the choice in the first quarter of 2010. This is the time period for the first wave of choice in England and Wales for GPs aged over 50, with GPs under 50 years being asked afterwards in the next three years.

GPs who do not respond remain in the current scheme. The choice is one-off and non-reversible.

neil.durham@haymarket.com

  • Are you going to switch pensions?


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