@andrewkingwealth: The NHS 2015 Pension Scheme doesn't give you an automatic tax-free lump sum, but you can choose one when you retire. For every £1 of yearly pension you give up, you get £12 as a tax-free lump sum. You can take up to 25% of your pension's value this way. More cash upfront or a higher income for life? The right choice depends on your plans. Check your Total Reward Statement and talk to a financial adviser before deciding. #NHSPension #NHS2015Scheme #NHSPensionScheme #TaxFreeLumpSum #RetirementPlanning

Andrew King | Tax & Finance

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Wednesday 23 September 2026 17:16:05 GMT

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yourstuely :

Thank you for the detailed illustration. Paying 10.6 % monthly is what I consider as my savings. I no longer worry about savings for long term.

2026-09-23 23:48:47

Ajaratou Charay :

Hi what about some one who work part time 23 hours a week as a NHS support worker

2026-09-23 18:44:16

Tianaface :

I am taken all my money bcos what is for life? They will keep paying my kids?

2026-09-23 18:20:03

Luna&Finn :

would this still apply if I've already taken my max lump sum from 1995 pension ?

2026-09-23 17:48:36

D_Midwife🤰🏽👩🏽‍🍼 :

Very well explained Andrew! Do i loose out on my pension if i decide to retire early say around 40-45years old means I would have worked 15-20year with NHS

2026-09-23 17:52:15

Bob Bobbet :

👍

2026-09-23 18:01:48

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Andrew King | Tax & Finance

Open In TikTok:

Region: GB

Wednesday 23 September 2026 17:16:05 GMT

Music

Download

Comments

yourstuely :

Thank you for the detailed illustration. Paying 10.6 % monthly is what I consider as my savings. I no longer worry about savings for long term.

Ajaratou Charay :

Hi what about some one who work part time 23 hours a week as a NHS support worker

Tianaface :

I am taken all my money bcos what is for life? They will keep paying my kids?

Luna&Finn :

would this still apply if I've already taken my max lump sum from 1995 pension ?

D_Midwife🤰🏽👩🏽‍🍼 :

Very well explained Andrew! Do i loose out on my pension if i decide to retire early say around 40-45years old means I would have worked 15-20year with NHS

Bob Bobbet :

👍

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