The government has put forward proposals to review pensions tax relief rules in order to give senior NHS clinicians full flexibility over the amount that they contribute to their pensions.
In an announcement today, (7 August) HM Treasury said it has agreed to reconsider the rate at which tax relief is withdrawn from pension savings for NHS staff, so they can take on additional work without breaching the annual allowance and facing tax charges. The rules are a particular problem with NHS workers, especially the tapered annual allowance - which restricts the annual allowance of those earning over £150,000. The Department of Health and Social Care has said it will shortly open a consultation asking for views on proposals allowing NHS scheme members to set their contributio...
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