Pension tax problems will cause NHS staff exodus, report warns

Taper troubles

clock • 3 min read

Almost half (44%) of clinical and non-clinical trust executive directors are considering or planning to leave the NHS in the next two years due to pension taxation, according to NHS Providers.

The NHS member organisation said its findings in An Unnecessary Divide: The Impact of Pensions Taxation on NHS Trust Leaders also showed 37% fewer members of staff are seeking or accepting promotions and 60% will not accept leadership roles. A total of 35% of surveyed members of the NHS Pension Scheme said they would consider leaving the public health service by 2022, while 9% had already decided to quit their positions. The impact of the tapered annual allowance has raised a number of concerns in the last year with many higher-paid NHS workers facing punitive tax charges for breachin...

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 Retirement

Watch PA's Working Lunch with L&G: Navigating the new landscape of retirement solutions

Watch PA's Working Lunch with L&G: Navigating the new landscape of retirement solutions

Catch up on the discussion

Professional Adviser
clock 09 April 2026 • 1 min read
The changing nature of retirement planning

The changing nature of retirement planning

Retirement planning conversations must 'evolve'

Lorna Shah
clock 02 April 2026 • 4 min read
The advice dividend in an age of retirement uncertainty

The advice dividend in an age of retirement uncertainty

The UK pensions landscape has become progressively more complicated in recent decades

Andrew Tully
clock 17 February 2026 • 4 min read