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 with a ‘threshold' income above £100,000 and ‘adjusted' income above £150,000 has their annual allowance reduced. A report in The Times suggested plans have been drawn up to raise threshold income to £150,000 to ease pressure on senior doctors. AJ Bell senior analyst Tom Selby said while the £40,000 would help reduce or eliminate shock pension tax bills for high earners - including NHS ...
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