Analysis
NHS pension vs private sector pensions – how do they compare?
The NHS pension scheme is viewed as a benefit of working in the health service, but what makes it a good pension scheme? This infographic article compares the NHS pension with the type of pension most nurses working in the private sector pay into. We look at the difference between a defined benefit pension (NHS) and a defined contribution pension (typical in the private sector), how the different schemes work, and the impact this has on nurses’ annual salaries throughout their careers and on their retirement income.
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