Quilter FOI reveals hundreds of doctors overpaid £11m in pension tax

Could have benefited from IP16

clock • 2 min read
Quilter said that the doctors had a collective total of £44,379,919, which could have been protected under IP16
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Quilter said that the doctors had a collective total of £44,379,919, which could have been protected under IP16

Quilter has uncovered through a Freedom of Information (FOI) request that around 400 NHS doctors have paid more than £11m in unnecessary Lifetime Allowance (LTA) charges.

The wealth manager said the FOI data showed that 413 members who have retired and paid LTA tax charges could have benefited from Individual Protection 2016 (IP16), which enables individuals to protect...

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