Why it is time to take a long look at the pension tax regime

What behaviours are we trying to encourage with any tax changes?

clock • 6 min read

Pensions tax reform must reflect behaviours which the nation needs to encourage, writes Adrian Boulding

The recent scrapping of the lifetime allowance (LTA) and the increasing of the threshold for annual allowance (AA) from £40,000 to £60,000 announced in the Spring Budget, lead me to ask the question: What behaviours are we trying to encourage with any tax changes? Three clear behaviours spring to mind: 1. Keep paying into your pension In the case of the NHS' most senior clinicians, it is very clear that we need more of them to carry on working for longer within the NHS to help chip away at those waiting lists. An article entitled ‘The long goodbye? Exploring rates of staff leaving...

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