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Ep 225: How to retire EARLY using your NHS Pension

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Manage episode 433921214 series 2896030
Content provided by Medics Money. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Medics Money or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In this episode, Tommy and Ed discuss the challenges and opportunities related to early retirement for NHS professionals. Joined by financial expert Andy Powell, they delve into the complexities of the NHS pension schemes (1995, 2008, and 2015) and strategies for planning early retirement. Topics covered include the benefits of staying in the NHS pension scheme, the impact of early retirement factors, and various additional pension options.

00:00 Introduction to NHS Pension Changes
01:21 Meet the Expert: Andy Powell
02:25 Understanding the NHS Pension Scheme
03:28 Retirement Age and Scheme Changes
06:40 Early Retirement Factors and Planning
10:30 Using Spreadsheets for Pension Planning
21:08 Options for Topping Up Your Pension
25:04 Alternative Investment Options
29:57 The Importance of Starting Early
34:44 Final Thoughts and Course Information

Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/

Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com

Want to improve your finances fast? Then come on our course

https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/

GP partner looking to improve your practice/ Then come on our course

https://www.medicsmoney.co.uk/gp-partnership-programme/

Follow us on Instagram

Follow us on Twitter

  continue reading

254 episodes

Artwork
iconShare
 
Manage episode 433921214 series 2896030
Content provided by Medics Money. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Medics Money or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In this episode, Tommy and Ed discuss the challenges and opportunities related to early retirement for NHS professionals. Joined by financial expert Andy Powell, they delve into the complexities of the NHS pension schemes (1995, 2008, and 2015) and strategies for planning early retirement. Topics covered include the benefits of staying in the NHS pension scheme, the impact of early retirement factors, and various additional pension options.

00:00 Introduction to NHS Pension Changes
01:21 Meet the Expert: Andy Powell
02:25 Understanding the NHS Pension Scheme
03:28 Retirement Age and Scheme Changes
06:40 Early Retirement Factors and Planning
10:30 Using Spreadsheets for Pension Planning
21:08 Options for Topping Up Your Pension
25:04 Alternative Investment Options
29:57 The Importance of Starting Early
34:44 Final Thoughts and Course Information

Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/

Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com

Want to improve your finances fast? Then come on our course

https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/

GP partner looking to improve your practice/ Then come on our course

https://www.medicsmoney.co.uk/gp-partnership-programme/

Follow us on Instagram

Follow us on Twitter

  continue reading

254 episodes

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