More than 4,500 pension scheme members breached the lifetime allowance in the 2017/18 tax year, an increase of 36% from the year before, according to HM Revenue and Customs (HMRC).
The government must conduct a fundamental review of tax reliefs and allowances to reduce complexity and confusion, says Malcolm McLean
NHS Employers has published guidance for employers to support staff affected by the pension taxation issues.
Nearly 4,000 members of the Armed Forces Pension Schemes breached their annual tax-free pensions savings limit in 2017/2018, a freedom of information (FOI) request has revealed.
The next chancellor should urgently address "absurdly complex" tax relief rules as data reveals NHS waiting lists have lengthened due to senior doctors working fewer hours to avoid the charges.
Chancellor Philip Hammond is being pressed to tackle the impact of pensions allowances on the NHS' ability to recruit and retain staff.
Around three-fifths of respondents in this week's Pensions Buzz backed the view that trustees should take a proactive approach to engage with members when they are seeking to transfer out of their defined benefit (DB) scheme.
Ahead of the second Budget of 2017, industry experts tell James Phillips what they think the chancellor will seek to change on 22 November.
Schemes have just five days left to organise voluntary scheme pays processes if they are to be ready for the January tax deadline, Punter Southall has warned.