Ndubuisi 'Andy' EgwimMoney Coach for Medics|Ex-NHS GP|21+ Yrs Investor| Founder, MoneyWiseDoctor.com|Helping Medics Avoid Big Money Mistakes

SIPP vs NHS Pension - Take Control of Your Retirement!

2 Aug 2025 · 1 min

Watch on YouTube

1:19

Ndubuisi 'Andy' Egwim explains why someone might prefer a Self-Invested Personal Pension (SIPP) over the NHS pension: a SIPP offers more control, earlier access to funds, and broader investment options (including borrowing against the SIPP to buy commercial property). He cites that 75,000 people left the NHS pension last year, notes the normal NHS pension access age is 68 (increasing to 71 historically and planned to rise to 57 for SIPP access in 2028 — speaker's phrasing), and gives an anecdote of someone using 50% of their SIPP to purchase an office building which their business then rents.

Questions this video answers

75,000 people.

55 years (speaker notes it is increasing to 57 in 2028).

68 years (speaker also mentions it may change to 71).

Up to 50% of the money in the SIPP (speaker's example).

An example pot of £500,000 (and a mention of SIPPs up to £1,000,000 in context).

Chapters

So in that case, the difference why would I prefer a SIP is because the SIP gives me more control. It's self invested, I can decide where it goes. Basically, 75,000 people left the NHS pension last year. And it's a great pension and it's a marvelous pension, but you have to wait till you are 68, maybe 71 when they change it again. So that's the problem. I'm thinking if you already got NHS pension, maybe you want a Plan B. You may not want to put your Plan B inside your Plan A port, you might want it to be in a different port. Okay? And another thing with sip, apart from the fact that you can use it, let me tell you something about sip, and it's very funny because I don't think I've said this one in a video as well. We already know that SIP, you can get it at 55 years versus NHS pension at 68, and they are increasing it to 57 in 2028. But you could actually borrow money from your SIP and buy commercial property. If your SIP has up to a million pounds in it, if you put up, let's say, 500k, you can borrow up to 50% of money in your SIP to invest in commercial property. And I've seen somebody do it beautifully. He basically used 50% of his sip port to buy an office building, and then his business rents the office building.