Pension

Hi am a registered nurse from the uk and I was offered a job at Noble’s only to find I couldn’t bring my pension with me from the NHS! 

I therefore declined the job offer as the negatives financially for me outweyed the bonuses ! 

I think you should consider these options when trying to recruit from across as it’s such an important factor 

Why the contribution is important

It is important for financial reasons for the future 

by Nettyno on July 10, 2018 at 11:09AM

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Average score : 5.0
Based on : 2 votes

Comments

  • Posted by RebeccaIOMGov July 11, 2018 at 11:27

    DHSC Moderator Comment:
    Thank you for your post, I have clarified the situation with the Public Sector Pensions Authority here in the Isle of Man and they have responded with the clarification detailed below

    It is possible to transfer UK NHS pensions to the Isle of Man Government Unified Scheme (the
    pension scheme anyone working for the NHS in the IOM would be a member of). It is generally the case that the transfer must be requested within 1 year of joining the NHS in the IOM, as we are finding that the transferring scheme (UK NHS), are refusing transfers after this timeframe.
  • Posted by castlearcher July 11, 2018 at 12:04

    You can transfer your NHS pension pot but the IOM scheme is not part of the NHS pension club where people can freely transfer their pension between Eng, Scot, Wales and NI without loss. Thus you lose money when you transfer back and forth between UK NHS and IOM Gov scheme. This was highlighted back in 2011 but current members were given a grandfather clause to mirror UK NHS pension benefits. It would seem that the break from the NHS scheme may impact on recruitment...
  • Posted by moleInView July 26, 2018 at 11:06

    The Manx scheme gains most at the end, it is therefore weighted more for management.If you haven't got a continuous period of service of at least 30 years, the pension will not be worth much.
  • Posted by LucyLu August 01, 2018 at 23:14

    Why on earth would anyone want to transfer into the Isle of Man scheme.
    This must be a huge put off for any prospective newcomer
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