Almost 180,000 NHS staff opt out of pension scheme in four years

The figure equated to an average of 45,000 NHS staff opting out of the pension scheme every 12 months over the past four years, rising to 22% last year.  The data also showed the number of people who opted out of the NHS pension scheme increased by nearly 10,000 in the 2019/20 tax year to 50,399 people. However, many of those who opted out will also opt back in again in a bid to try and reduce pension growth for the year to avoid being hit by annual allowance tax charges, Quilter said. The FOI also found those opting out could be looking to mitigate against breaching the lifetime a...