Three things your clients may call you about this week...

Most taxed NHS doctor?

clock • 2 min read

From taxing NHS doctors to confusing pension charges - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend…

Is this Britain's most taxed NHS doctor? A 46-year-old doctor working for the NHS was handed a £125k pension tax bill, The Daily Telegraph reports.  The paediatrician, who was given the bill for the 2017-18 tax year, offers an example of UK doctors' issues with taper taxes on excess pension savings.  "I'm paying nearly 80% of my salary on tax - I've worked for the NHS for free," he says. "I'm in the red and I think I am the highest-taxed NHS doctor for pension growth." Dr Nicholas Grundy, of campaign group GP Survival, argues it is a ridiculous situation where the doctor would ha...

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

Inflation shocks driving another long uptick in annuity sales

Inflation shocks driving another long uptick in annuity sales

‘Customers should be careful that this is the right decision for them’

Hope Coumbe
clock 23 April 2024 • 1 min read
Advisers warn market volatility will threaten retirement plans

Advisers warn market volatility will threaten retirement plans

More than half expect clients to postpone or change plans

Isabel Baxter
clock 26 March 2024 • 2 min read
Perfect timing: How to advise clients on the right time to retire

Perfect timing: How to advise clients on the right time to retire

Striking a balance between health, wealth and personality

Richard Hulbert
clock 05 February 2024 • 4 min read