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If you opt out within a month of your employer enrolling you, you'll get back any money you've already paid in. If you opt out later, you may not be able to get your payments refunded. These will usually stay in your pension until you retire.
If you opt out within a month of your employer enrolling you, you'll get back any money you've already paid in. If you opt out later, you may not be able to get your payments refunded. These will usually stay in your pension until you retire.
If you were an active member between 31 March 2000 and 5 April 2006 you may take your pension from age 50. If you were not an active member between these dates then you cannot take your pension until age 55. You may apply for early retirement by contacting NHS Pensions directly.
Pension plans and retirement annuities can be sold partially or fully for a cash lump sum. Income received after selling your pension plan depends on whether the money comes from a personal or occupational pension. Selling your pension plan typically requires proving you have an active life insurance policy.
A No. A refund can only be made if a member has opted out of or left all pensionable NHS employments.
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Once an employer has electronically submitted a completed RF12 to NHS Pensions, payment can be made within 5-10 working days. However, if it is necessary to obtain further information from an NHS employer it can extend the process. two tax years on the form.
What is a pension refund? Usually, your pension contributions will remain in the pot until you are eligible to access them, usually around retirement age. However, in some cases, you may be able to request a refund of the contributions you've paid in.
Retiring when on a break in service If you decide to retire from the NHS Pension Scheme when on a break in service, your pension will be based on your pensionable earnings at the time you left the scheme and will then increase with inflation. You will not have final salary linking.
If you opt out within a month of your employer enrolling you, you'll get back any money you've already paid in. If you opt out later, you may not be able to get your payments refunded. These will usually stay in your pension until you retire.
Stopping or reducing your payments could mean that you: Receive a lower pension income when you reach retirement age. Be disqualified from other benefits that your pension provider offers as an incentive to stick with their scheme (such as life insurance) Won't receive matching pension contributions from your employer.

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