NHS pension is a type of retirement savings plan available to those working in the National Health Service in England. The scheme is jointly managed by the Department of Health and Social Care and the NHS Business Services Authority. Since its inception, the NHS pension has become an incredibly popular retirement savings plan for NHS employees due to the numerous benefits it offers.

To begin with, the NHS pension is incredibly secure and dependable. It offers guaranteed financial security throughout retirement, ensuring whatever happens you will have an income during retirement and can't outlive your savings. It is also incredibly competitive in terms of what it offers when compared to other retirement savings plans, with a combination of tax-beneficial benefits and contribution limits often being higher than in other plans.

Other benefits of the NHS pension include being relatively easy to understand and handle. The pension plan is made to be easy to understand meaning that most people can quickly and easily calculate how much they need to contribute and when, and how much they should expect during retirement.

It's also incredibly popular with the employees, as it offers a great deal of flexibility to those who need it. Those who join the plan can choose when they wish to take their retirement and can adjust their contributions accordingly. This gives those who may not be able to retire when they want, the ability to plan for their future and make sure they get the most out of their contributions.

Furthermore, the NHS pension offers excellent tax benefits for those who contribute. Contributions can be made from your pre-tax salary, meaning you won't have to pay income tax on the contributions. It also offers favourable tax reliefs which can reduce your tax bill.

Overall, the NHS pension is an incredibly useful retirement savings plan which offers numerous benefits to those who participate. From its security and competitive fees, to its easy-to-understand structure and flexibility, it's clear to see why the NHS pension is so popular amongst those in the health service.