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OPT OUT FORM Notice to Opt Out of Pension Saving Gwentpensionfund Co

OPT OUT FORM Notice to Opt Out of Pension Saving Gwentpensionfund Co

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so this video is for all NHS workers that includes dentists doctors nurses administration staff in like what we've all been going through recently you may be looking to make cutbacks and one of the things you may be looking at is your pension contributions that are deducted from your salary each month you may be looking to opt out of the NHS Pension Scheme to reduce those contributions you're making well I'm here today today that opting out of the NHS pension scheme is a bad idea and I'm going to give you five reasons well you should not be opting out with the NHS pension so number one you will need some form of additional income in retirement so if you don't pay into any other pension when you hit your 60s you will receive the government state pension but based on today's race that's going to give you about eight and a half thousand pounds a year so you need to think to yourself could you survive on eight and a half thousand pounds a year probably not so you will need some form of add

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