by 
Anonymous
ANSWERS: 2
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The NHS pension is actually very good, compared with most others. How it works is, if you choose to pay in at the standard rate, each year you will "buy" a 1.25% proportion of your salary over the final three years of your employment, up to a maximum of 40 years worth (i.e. 50%). So, if I pay in each year for the full 40 years, I earn the full amount, half my average final salary. Therefore if my average salary over the final three years of my employment was £60,000, I get in my pension half that, so £30,000 a year. If I only pay in for 20 years, I would get £15,000 a year. If I only paid in for 20 years, then suddenly think I want to increase my pension, I can buy additional years at an additional cost, but obviously this means my payments would be drastically increased if I wanted to buy a lot of years worth. Plus, my dad is a financial adviser, so hopefully he'll come in useful too.
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Marry money.
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