Item Welcome to the NHS Business Services Authority Knowledge Base, the place to ask us anything you need to know

Document How much Additional Pension can I buy and how much will it cost?

Additional Pension (AP) is bought in units of £250 annual pension, from a minimum of £250. If you are a member of the 1995/2008 Scheme the maximum amount of Additional Pension you can buy is £5,000.

The 2015 Scheme has a higher maximum amount which is currently £6,767.95 (this may change year to year) for the Scheme year 2018/19, any purchase of a lower amount must however continue to be a multiple of £250. Because this is a separate scheme, the limits operate independently. If you have already bought £5,000 Additional Pension in the 1995 or 2008 Scheme and move to the 2015 Scheme, you can purchase a further £6,797.95 in the 2015 Scheme.

The cost of purchasing Additional Pension varies depending on a number of factors including:

  • Your age when you start buying Additional Pension

  • When you plan to retire

  • The type of cover you buy either to increase just your pension or both your pension and that of your dependants

  • How much Additional Pension you choose to buy

There is an Additional Pension calculator on the NHS Pensions website that will work out the cost for you and produce a tailored application form (AP1).

For further information, please see the Additional Pension factsheet on our website.

ap, how much AP cost, max ap, cost
See also...

Need more help?

If this doesn't answer your question please contact us directly or search again. Search Again

Rate this answer