The impact of the tapered annual allowance is clear after a 27 percentage point increase in NHS staff who exceed the pension annual allowance electing voluntary scheme pays, Quilter has said.
The wealth manager found 38% of NHS staff who breached the allowance in 2018/19 elected for the scheme pays option, up from 11% in 2015/16. The option allows savers to settle annual allowance tax charges...
68 pension breaches in 12 months
Solution 'going live this week'
Clients are not 'average'
What's in a name?
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Adding to 67 firms