NHS Pension Forecast 2026/27

Simplified forecast of the NHS 2015 CARE scheme. 1/54 accrual per year, revalued at CPI + 1.5% while you're an active member.

Current accrued pension (from your statement)

Current pensionable pay

Years until retirement

yrs

Active revaluation above CPI

Estimated annual pension

£27,350.85

Revalued existing accrual£8,081.13

Future accrual (1/54 each year)£19,269.72

Max tax-free lump sum (25% capital cap)£117,217.94

Reduced pension after max lump sum£17,582.69

Assumptions and limitations

Assumes constant real pay and full active membership through to retirement.
2015 CARE revaluation is CPI + 1.5% while active; deferred revaluation is CPI only.
Commutation: £12 lump sum per £1 of annual pension surrendered, capped so the lump sum is at most 25% of the capital value (≈ 5/14 of your pension).
Ignores McCloud remedy, 1995/2008 legacy service and Lifetime Allowance replacement (LSA/LSDBA).
Contact NHS Pensions for a personal statement.
Source: NHSBSA — NHS Pensions 2015 scheme.