Treasury plans to tackle NHS pension taper woes widely criticised

Wider reform desperately needed

Jenna Brown
clock
Doctors face unexpected pension tax bills
Image:

Doctors face unexpected pension tax bills

Potential changes to the tapered annual allowance threshold, which the Treasury could increase from £110,000 to £150,000 to ease pressure on senior NHS doctors, have been criticised amid calls for wider taxation reform.

Reports suggest the Treasury is considering the change to stop doctors in the NHS facing unexpected pension tax bills for breaching the threshold as a result of working extra shifts. At present, anyone...

To continue reading this article...

Join Professional Adviser

 

  • 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.
  • Tap into our community intellignece through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Retirement

Lilly Whale: "The biggest criticism of the RNRB is that it limits the pool of relatives who could quite usefully benefit from an otherwise generous threshold."

Lilly Whale: Residential nil-rate band 'nuances' explained

Direct descendants

Lilly Whale
clock 28 October 2021 • 5 min read
Ten key takeaways from the Autumn Budget 2021

Ten takeaways for advisers from Autumn Budget 2021

OBR forecasts, business rates and spending review

clock 27 October 2021 • 9 min read
Net-pay scheme members to get 20% top-up from 2024

Net-pay scheme members to get 20% top-up from 2024

Government sets out plans to address low-paid anomaly in tax relief treatment

James Phillips
clock 27 October 2021 • 2 min read