Adrian Boulding: Why the tapered annual allowance has to go

'Volte-face'

clock • 4 min read

Adrian Boulding looks at the unpopular tapered annual allowance and predicts its imminent demise...

After more than a year's hard-fought campaign by the British Medical Association (BMA) on behalf of senior NHS clinicians affected by the tapered annual allowance (TAA), it seems highly likely that both the Treasury and the Department of Health and Social Care will enable changes to be made to the NHS pension scheme to limit or eliminate its negative effects. The TAA currently affects some 17,000 experienced doctors and consultants earning above the £150,000 - the TAA's annual earnings threshold. This volte-face has been brought about because the TAA breaches one of the principles of ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Retirement

Retirement tax planning and the issue of underspending

Retirement tax planning and the issue of underspending

Retirement planning Q&A

Professional Adviser
clock 12 October 2026 • 6 min read
Partner Insight: PruFund arrives on Scottish Widows Platform

Partner Insight: PruFund arrives on Scottish Widows Platform

How integrating PruFund onto the Scottish Widows Platform expands retirement options for advisers without increasing administrative burden

Ross Easton, Head of Platform Propositions, Scottish Widows
clock 05 October 2026 • 3 min read
The conversation that has to change with the 100-year life

The conversation that has to change with the 100-year life

'Advisers need to continue to challenge the cliff-edge narrative directly with clients'

Graeme Bowden
clock 24 September 2026 • 4 min read