NHS Employers publishes pension tax guidance

'Importance of financial advice'

clock • 2 min read

NHS Employers has published guidance for employers to support staff affected by the pension taxation issues.

Annual allowance rules are a particular problem for NHS staff, especially the tapered annual allowance, which restricts the annual allowance of those earning over £150,000. The paper - from the organisation that provides guidance to NHS workforce leaders - outlined optional measures to help reduce the impact of pension taxation in the NHS. The current limits have landed staff with huge tax bills and resulted in thousands retiring early, while many doctors and consultants are turning down work to avoid the charges. The guide - published 2 September - set out the importance of indepe...

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 Pensions

We need to work together to tackle pension overconfidence

We need to work together to tackle pension overconfidence

'Clients may assume they're on the right track simply because they're paying into a pension'

Ahmed Bawa
clock 13 June 2025 • 4 min read
Pension freedoms have delivered flexibility in the last decade 'at a cost'

Pension freedoms have delivered flexibility in the last decade 'at a cost'

Consumers value choice but are aware of risk of running out of funds

Jasmine Urquhart
clock 12 June 2025 • 2 min read
Alex Cowan-Sanluis: 'Pension transfer sludge is real – I've seen it'

Alex Cowan-Sanluis: 'Pension transfer sludge is real – I've seen it'

'It became so frustrating that we spoke to the FCA'

Alex Cowan-Sanluis
clock 09 June 2025 • 4 min read