NHS

Almost half (44%) of clinical and non-clinical trust executive directors are considering or planning to leave the NHS in the next two years due to pension taxation, according to NHS Providers.

HM Treasury intends to give tax relief worth hundreds of millions of pounds to those earning over £110,000, it is being reported.

The government’s review of the tapered annual allowance is underway with findings expected to be announced in the 11 March Budget.

The Conservatives’ romp at last week’s national poll gives a great chance to make dramatic changes to boost people’s pensions, says Gregg McClymont.

All of the major political parties have now unveiled their policies on pensions ahead of the general election. Professional Pensions looks at what they have promised.

The Conservative party will hold reviews of the tapered annual allowance and net-pay schemes if it is elected back into government, it has said.

NHS England has confirmed it will take urgent action on to ensure NHS workers who exceed their annual allowance during this financial year will be able to take on additional work without being left out of pocket.

The Labour party and the Liberal Democrats have published their 2019 election manifestos, with little similarities in proposals for the future of pensions policy.

The government is to pay the tax bills of NHS workers caught out by changes to pension contribution limits who have been turning down additional work for fear of running up large tax bills.

With political parties drawing up their manifestos for next month’s general election, Kim Kaveh explores the industry’s ambitions for future pensions policy.