NHS: Workplace Pensions
(asked on 25th February 2026) - View Source
Question to the Department of Health and Social Care:
To ask His Majesty's Government how much was paid out to NHS pension scheme members in (1) 2023, and (2) 2024.
The following table shows the value of pension benefits paid to NHS Pension Scheme members in financial years 2023/24 and 2024/25:
Financial year | 2024/25 | 2023/24 |
Pensions | £13,760,850,000 | £12,577,538,000 |
Commutations and lump sum benefit on retirement | £4,050,330,000 | £3,095,639,000 |
These figures comprise the value of annual pensions and lump sums paid. It does not include other payments made by the scheme such as contribution refunds or pension tax payments to HM Revenue and Customs.
Annual accounts for the scheme are published for each financial year and record the total value of all payments made. The annual accounts are available on the GOV.UK website and on the NHS Business Service Authority’s website.