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BasicsWhat is the 2015 CARE Scheme?▾
Since 2015, all NHS staff build pension under the Career Average Revalued Earnings (CARE) scheme. Each year, 1/54th of your pensionable pay is 'banked' and then revalued annually by CPI + 1.5%. This means your pension keeps pace with — and slightly beats — inflation every year until you retire. Unlike the old final salary schemes, your pension isn't tied to your last pay grade.
Deep DiveLegacy vs CARE: What's the Difference?▾
AwarenessWhy Your NHS Pension is Worth More Than You Think▾
PlanningEarly Retirement: The 5% Rule▾
RemedyThe McCloud Remedy Explained▾
InflationHow CPI Affects Your Pension▾
Part-TimePart-Time Work & Your Pension▾
FlexibilityPartial Retirement: Have Your Cake & Eat It▾