Junior Doctor - Pension Scheme

Pension Scheme

Junior doctors are eligible for the NHS Pension Scheme. The pension scheme is index linked and based upon final salary, providing an income of (1/80th career average salary x years employed) per year. At the point of retirement the pension also provides a tax-free lump sum of (3/80ths salary x years employed).

Read more about this topic:  Junior Doctor

Famous quotes containing the words pension and/or scheme:

    “Wotever is, is right, as the young nobleman sveetly remarked wen they put him down in the pension list ‘cos his mother’s uncle’s vife’s grandfather vunce lit the king’s pipe vith a portable tinder-box.”
    Charles Dickens (1812–1870)

    In the scheme of our national government, the presidency is preeminently the people’s office.
    Grover Cleveland (1837–1908)