Evening all



So still a huge amount of traffic here, especially now brown envelopes are starting to drop and there are lots of scary numbers. 

In addition to the completely free modeller we also launched a scheme pays estimator - some of the AA charges being seen this year are pretty scary 5 figure charges - but its important to properly understand the impact of scheme pays which varies depending on your age, when you want to retire from each scheme (if choosing retire and return or partial retirement) and also depending on your health i.e. longevity which determines how long you are paying back your charge. For many scheme pays may cost a lot less than they think (that's not advice to use it btw!)

The other thing to note is part of our concierge service we are seeing LOADS of people who have not backpay reallocated at all, or correctly. I walk through one example where a member didn't have their backpay of just £1k reallocated (and backpay can be a lot higher!) - even for this member having it correctly allocated will save them £3624 by just sending an email to get it correctly allocated. DO NOT IGNORE the backpay issue - see the video for more details!

Last but not least, remember that despite its many problems—including catastrophically poor administration and the Annual Allowance being poorly suited to schemes like the NHS—it’s still a good scheme. Leaving the scheme is almost never the right decision. Please don't do that without proper written advice from someone who really understand the NHS pension scheme (p.s. they will almost certainly tell you stay in if they know what they are talking about)

Finally as previously, please don’t lose sleep over the Annual Allowance. It might not be as bad as you think (so model it, and remember carry forward, for many there will be significant carry forward in 23/24 especially for hospital doctors due to [\#negativePIAs](https://x.com/hashtag/negativePIAs?src=hashtag_click) which many people have been lobbying for many years!). Some people will have the ability and choose to pay; others may opt for Scheme Pays, through choice or necessity - model it as above. I promise its almost certainly not as bad as you might think it is.

Enjoy the video! 

NEW Scheme pays feature, backpay nightmares, maternity pay and more!