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Imagine a world where your pension isn't a pot of money, but a promise. A pledge from the government to ensure you have a fixed, index-linked income when you retire. This episode, with our special guest Luke Hurley, dives headfirst into the labyrinth that is the NHS Pension scheme. We unravel its complexities, outlining how members contribute to the scheme, the guaranteed returns to expect, and the magic of the accrual rate that converts your earnings into annual pension.

Age discrimination and financial mistakes seem to be two sides of the same coin. They have been made manifest in the 2015 reform of public sector pension schemes and we're discussing them. With the knowledgeable Luke Hurley, we dissect the effects of the reform on the NHS pension scheme, the court-deemed discriminatory practices involved, and the proposed Remedy period designed to rectify these issues. We also illuminate the potential impacts of this period on members' lifetime and annual allowance calculations.

The rollercoaster doesn't stop there; we have a special focus for our dentist listeners. We scrutinize the intricate relationship between the NHS pension and annual allowance, the tapered annual allowance, and the looming tax rates for those who exceed it. Ever made a costly mistake with your finances? We've identified seven that dentists often fall victim to and we're revealing how to sidestep them. To wrap things up, we dissect the McLeod Judgment, its effect on the NHS pension scheme, and its potential pros and cons. So, if you're a part of the NHS pension scheme or are considering joining, this episode is your roadmap to navigating it successfully.