This broadcast covers the return of many GPs and Clinicians to the 1995 Pension Scheme, the potential effect of the CGT review and the latest GP Contract Update. The PDF on the changes to the NHS Pension Scheme can be found here The link to the GP Contract Update can be found here
Changes in Pension Tax
The Chancellor has announced major reforms in the pension tax regime which may help GPs with significant tax bills. Although these changes will apply from the tax year 2020/21, the government has already committed to contributing back any additional pension charge paid by Scheme Pays Election for 2019/20. Therefore, GPs who have already opted out …
Annual Allowance Solution Proposed By NHS For 2019/20
Understanding the GP Pensions Total Rewards Statement
Updated Total Rewards Statements should now be available from the NHS Pensions Agency
The newsletter above just received by me suggests that member of the NHS pension scheme should be able to get updated Total Rewards Statements that will not only give the member an up to date suggestion of their pension but also the proximity to the lifetime allowance and the effect on the annual allowance. At …
Updated Total Rewards Statements should now be available from the NHS Pensions AgencyRead More