answer text |
<p>The Department recognises that the annual allowance may contribute to decisions
from National Health Service consultants to retire early or limit their NHS commitments.
We are also listening carefully to concerns raised by senior doctors and NHS employers
about the tapered annual allowance.</p><p>The Department has consulted on introducing
flexibility within the NHS Pension Scheme from 2019/20 to allow clinicians affected
by annual allowance tax charges to reduce their pension accrual in deciles in order
to manage any potential annual allowance tax charges.</p><p>In September 2019 guidance
was issued by NHS Employers informing employers of the short-term approaches that
they could take to mitigate the effect of pension tax on their workforce this tax
year. The NHS has also implemented an immediate measure to preserve clinical capacity
amid the increased pressure on services during the winter period. This will compensate
NHS clinicians for the effect on their pensions of annual allowance charges incurred
in 2019-20.</p>
|
|