Simulate your NHS 2015 pension accrual from F1/F2 to GP or Consultant, including early retirement scenarios. All figures are illustrative and do not account for inflation or actual pay progression (unless specified).
NOTE: All figures used in this calculator (pay progression, SIPP growth rates) are above inflation, so the calculated income and pot sizes are in today's money.
Used for general context, but life expectancy is now from the ONS tool below.
This is your specific Normal Pension Age for the 2015 scheme.
Earliest retirement is 13 years before your NPA.
This is your pensionable pay as a Salaried GP.
Annual percentage increase for GP pay. For Partners/Locums, this applies to your gross income, and the pensionable pay is derived from that.
This is the pensionable pay derived from your Annual GP Pay (for Partners/Locums).
This portion of your Annual GP Pay is treated as employer contribution.
Applied above inflation until the conservative period starts.
Applied above inflation during the conservative period and decumulation.
Select whether you contribute to NHS Pension or SIPP for each year of your career. You must choose one for every year.
| Year | Age | NHS Pension | SIPP |
|---|
For detailed life expectancy information based on year of birth and sex, please use the official ONS interactive tool below:
Total Estimated Pension at Retirement Age: £0.00
Total Estimated Pension at Retirement Age in NHS Pension: £0.00
Total Estimated SIPP Pot at Retirement: £0.00
Total Estimated NHS Pension Withdrawal (up to age 85): £0.00
Total Employee Contributions Paid: £0.00
Total Employer Contributions Paid: £0.00
When will my SIPP run out (see below chart): 83
| Year | Age | Role | Scheme | Baseline Pay (£) | Contribution Rate (%) | Employee Contribution (£) | Employer Contribution (£) | NHS Accrued Pension This Year (£) | Compounded NHS Accrual at Retirement (1.5% until retirement) (£) | SIPP Contribution This Year (£) | SIPP Growth This Year (£) | SIPP Total at End of Year (£) | Years Until Retirement |
|---|
If you retire at your chosen age of 60, relative to your Normal Pension Age (NPA) of 70, here's the estimated impact on your pension based on the 2015 NHS Pension Scheme early retirement factors.
| Years Early |
|---|
| Reduction Factor (%) |
This table shows how your SIPP pot would perform if you withdrew an amount equal to your NHS pension annually.
DISCLAIMER: This SIPP growth simulation is a simplification. Actual investment growth is rarely uniform and can fluctuate significantly, leading to different outcomes than presented here. This model likely overestimates consistent returns.
£865,742.37
£40,257.58
1.0%
60
| Age | Start of Year Pot (£) | Growth This Year (£) | Withdrawal (£) | End of Year Pot (£) |
|---|