Andy Egwim compares the NHS pension, which guarantees inflation-linked income for life but offers no investment control, with a SIPP, which lets you choose where your money goes and can reduce tax. The NHS scheme is one of the best, but a SIPP works better for locums or as an extra pension layer.
So you could be on NHS pension but you want to reduce your tax bill or have an additional pension, or maybe a locum and you don't have a pension. So this could be an option. Of course, the NHS pension I still think is one of the best because it's a defined benefit, is a defined benefit, and it's a salary for life. Basically, it's guaranteed and it moves with inflation, but you have no control over where your NHS pension is invested compared with a SIP where you can actually determine where it goes. Now, NHS pension compared to SIP, and some people also compare to the Lifetime ISA because I'll walk retirement. If you want a detailed video on that, check out the link in the description
