Beware the NHS pension annualisation booby trap

24th January 2018 by Sara Chambers

Beware the NHS pension annualisation booby trap

ARCHIVE | Since this article was published on 24 January 2018, the situation regarding the legitimacy and application of annualisation has moved on.

Nestled within the 2015 NHS pension scheme for England and Wales (officially named 2015 Career Average Revalued Earnings, or CARE (!)) was the new concept of annualisation of income to determine the employee’s pension contribution tier. Annualisation was not widely publicised or understood by GPs at the time. But now there is growing alarm as its implications become clearer.

GPs in meeting the following criteria will be part of the 2015 scheme

  • already a pension scheme member on 1 April 2012 with a birthday falling on or after 1 October 1965
  • joined the pension scheme since 1 April 2012
  • re-joined the pension scheme since 1 April 2012 after a break of more than 5 years.

Read for free

Sign up to access everything.

Free trial


Already a member? Login to view this content.


"I have decided to retire from medicine, and so from the NASGP too. You have my heartfelt thanks for being around, especially for all the useful articles in your journal, and I wish you well for the future. "

Dr Stephen Pope

See the full list of features within our NASGP membership plans