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.
  • 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

Industry Voice: New Consumer Duty - are advisers ready for the changes?

Industry Voice: New Consumer Duty - are advisers ready for the changes?

Jamie Jenkins, Director of Policy & External Affairs, Royal London
clock 26 May 2022 • 4 min read
April IHT receipts up £10m on last year, HMRC reveals

April IHT receipts up £10m on last year, HMRC reveals

‘Boost for the Treasury’s coffers’

clock 24 May 2022 • 7 min read
Little variation between advisers CRPs and CIPs, FE finds

Little variation between advisers CRPs and CIPs, FE finds

‘Generation DC’

Jenna Brown
clock 18 May 2022 • 2 min read