Sd502 form 2026

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The document provides important information regarding the process and implications of opting out of the NHS Pension Scheme using form SD502. It outlines the benefits that members would forfeit by opting out, such as guaranteed pensions, retirement lump sums, and life assurance cover. The document emphasizes the need for careful consideration before making this decision and encourages seeking independent financial advice. It also details the procedure for completing the opt-out form and how personal information will be used by NHS Pensions.

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Click ‘Get Form’ to open the sd502 form in the editor.
Begin with Part 1 of the form. Fill in your title, surname, and other names. Ensure you provide your email address and date of birth accurately.
Complete the gender and National Insurance number fields. Indicate if this is your first job in the NHS and whether it’s your first time opting out of the scheme.
Select a reason for leaving the scheme from the provided options. Make sure to read through each declaration carefully before signing.
Once Part 1 is complete, print it off, sign it, and keep a copy for your records. Send both parts to your Payroll Department promptly.
Part 2 will be completed by your employer. Ensure they send it to NHS Pensions as required.

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Versions	Form popularity	Fillable & printable
2021	4.8 Satisfied (266 Votes)
2019	4.8 Satisfied (51 Votes)
2018	4.3 Satisfied (257 Votes)
2016	4 Satisfied (24 Votes)
2015	4.3 Satisfied (162 Votes)

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What form do I need for NHS pension refund?

Claiming a refund To claim a refund, you must complete an RF12 form. If youre in active NHS employment, send this to your employer. If you have more than one NHS employer, you only need to submit one RF12 form.

What form do I need to opt out of NHS pension?

You can opt out of the NHS Pension Scheme by completing an SD502 form. You complete Part 1 of the form and then send it to your employer who will complete Part 2. Youll be opted out of the NHS Pension Scheme from the date your SD502 is received unless you ask for a future date.

Should I opt out of the NHS pension?

The NHS pension provides a vital income for members in retirement. Opting out reduces the pension benefit payable meaning members will need to work longer and/or face poverty in retirement. In addition to members pension contributions, employers make a contribution of 20.8% of pensionable pay.

Can I opt out of pension and get my money back?

The opt-out period Once staff have been enrolled into the pension scheme, they have one calendar month during which they can opt out and get a full refund of any contributions. This is known as the opt-out period. It starts from whichever date is the later of: the date active membership was achieved.

What is an SD502 form?

Should a member wish to opt out of the pension scheme they would complete an SD502 form from the NHS Pensions website and this should be issued to PCSE. You can only get a refund of contributions is you have less than 2 years service within the scheme.

sd502 form 2024

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What is the SD502 form?

If you wish to opt out from the start of your NHS employment you must complete form SD502 within the first month. Benefits you will be giving up if you opt out of the NHS Pension Scheme. Your right to any further benefits from the Scheme in this employment.