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1126032
unstar this property registered interest false more like this
star this property date less than 2019-05-13more like thismore than 2019-05-13
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
unstar this property answering dept sort name Treasury more like this
star this property hansard heading Doctors: Pensions remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, what discussions he has had with the Secretary of State for Health and Social Care and the Secretary of State for Defence on the annual tapered allowance and its effect on the recruitment and retention of doctors in the NHS and armed forces. more like this
star this property tabling member constituency Birkenhead more like this
star this property tabling member printed
Frank Field more like this
star this property uin 253507 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-05-16more like thismore than 2019-05-16
star this property answer text The Government is committed to public service pensions which are fair to workers and fair to other taxpayers. The tapered annual allowance is focussed on the highest earning pension savers, to ensure that the benefit they receive is not disproportionate. The Government is aware of specific concerns raised by some high-earners impacted by annual allowance tax charges. All public sector pay and pensions policies are kept under constant review and discussed with relevant departments. more like this
star this property answering member constituency South West Norfolk more like this
star this property answering member printed Elizabeth Truss more like this
star this property question first answered
less than 2019-05-16T13:19:35.603Zmore like thismore than 2019-05-16T13:19:35.603Z
star this property answering member
4097
unstar this property label Biography information for Elizabeth Truss more like this
star this property tabling member
478
star this property label Biography information for Frank Field more like this
843830
unstar this property registered interest false more like this
star this property date less than 2018-02-19more like thismore than 2018-02-19
star this property answering body
Department of Health and Social Care more like this
star this property answering dept id 17 more like this
star this property answering dept short name Health and Social Care more like this
unstar this property answering dept sort name Health and Social Care more like this
star this property hansard heading Doctors: Pensions remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Health and Social Care, what assessment he has made of the potential merits of removing or reducing the NHS pension annual allowance or increasing its limits to improve the retention of experienced senior hospital doctors and GPs. more like this
star this property tabling member constituency Inverclyde more like this
star this property tabling member printed
Ronnie Cowan more like this
star this property uin 128268 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-02-27more like thismore than 2018-02-27
star this property answer text <p>Experienced senior hospital doctors and general practitioners who decide to become members of the NHS Pension Scheme (NHSPS) benefit from one of the best available defined benefit occupational pension schemes giving them a very good retirement income. Work done by the Government Actuary’s Department has concluded that the NHSPS remains good value and the “scheme pays” facility offers an efficient mechanism for meeting any tax liabilities.<sup>1</sup></p><p>The annual and lifetime allowances are important fiscal measures to ensure income tax relief on pension contributions is fair and sustainable. In context of the 1995 final salary section of the NHS Pension Scheme, clinicians who use up the full £40,000 annual allowance would see their annual pension increase by around £2,500. Clinicians who reach the £1 million lifetime allowance limit can expect an annual pension of around £44,000 payable at age 60 and increasing with inflation, plus a tax free lump sum of £132,000. Pensions of this size provide substantial financial security in retirement.</p><p> </p><p>Note:</p><p> </p><p><sup>1</sup>This work considered the length of time a member subject to the annual allowance would need to receive pension in retirement to recover both their own contributions to the NHSPS and the annual allowance tax charge for the year in question. Although the exact period depends on a number of factors including level of pay, section of membership, age at retirement, amount of tax free cash selected at retirement and the means of paying the AA tax charge (scheme pays or in cash) in most cases the period is less than half the expected life expectancy in retirement.</p><p><strong> </strong></p>
star this property answering member constituency North East Cambridgeshire more like this
star this property answering member printed Stephen Barclay more like this
star this property question first answered
less than 2018-02-27T17:34:11.487Zmore like thismore than 2018-02-27T17:34:11.487Z
star this property answering member
4095
unstar this property label Biography information for Stephen Barclay more like this
star this property tabling member
4465
star this property label Biography information for Ronnie Cowan more like this
1124619
unstar this property registered interest false more like this
star this property date less than 2019-05-02more like thismore than 2019-05-02
star this property answering body
Department of Health and Social Care more like this
star this property answering dept id 17 more like this
star this property answering dept short name Health and Social Care more like this
unstar this property answering dept sort name Health and Social Care more like this
star this property hansard heading Doctors: Pensions remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Health and Social Care, whether his Department has made an assessment of the effect of the Annual and Lifetime Allowance taxation rules on rates of early retirement among doctors. more like this
star this property tabling member constituency Nottingham North more like this
star this property tabling member printed
Alex Norris more like this
star this property uin 250519 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-05-09more like thismore than 2019-05-09
star this property answer text <p>Membership data from the NHS Pension Scheme shows the number of hospital doctors and general practitioners (GPs) claiming their pension earlier than their normal pension age.</p><p>Whilst the scheme does not require individuals to give reasons for claiming their pension, the rise in voluntary early retirement rates coincides with reductions in pension tax allowances over the same period. The annual and lifetime allowances limit the amount by which an individual can grow their pension tax-free each year and in total. There is emerging evidence that pension tax may be a factor in doctors deciding to retire early or limit their National Health Service commitments. There are of course other factors, such as workload.</p><p>The Government is alive to the issues raised by senior clinicians, and keeps the impact of public sector pay and pensions policies under constant review, taking account of total reward and fiscal considerations.</p><p>The following table shows the number of hospital doctors and GPs claiming their NHS Pension on a voluntary early retirement basis from the 1995 NHS Pension Scheme.</p><table><tbody><tr><td><p>Scheme Year</p></td><td><p>Hospital Doctors</p></td><td><p>GPs</p></td></tr><tr><td><p>2011-12</p></td><td><p>315</p></td><td><p>513</p></td></tr><tr><td><p>2012-13</p></td><td><p>387</p></td><td><p>591</p></td></tr><tr><td><p>2013-14</p></td><td><p>406</p></td><td><p>746</p></td></tr><tr><td><p>2014-15</p></td><td><p>453</p></td><td><p>739</p></td></tr><tr><td><p>2015-16</p></td><td><p>494</p></td><td><p>695</p></td></tr><tr><td><p>2016-17</p></td><td><p>490</p></td><td><p>721</p></td></tr><tr><td><p>2017-18</p></td><td><p>424</p></td><td><p>588</p></td></tr></tbody></table>
star this property answering member constituency Wimbledon more like this
star this property answering member printed Stephen Hammond more like this
star this property question first answered
less than 2019-05-09T15:55:30.993Zmore like thismore than 2019-05-09T15:55:30.993Z
star this property answering member
1585
unstar this property label Biography information for Stephen Hammond more like this
star this property tabling member
4641
star this property label Biography information for Alex Norris more like this
1019500
unstar this property registered interest false more like this
star this property date less than 2018-12-03more like thismore than 2018-12-03
star this property answering body
Department of Health and Social Care more like this
star this property answering dept id 17 more like this
star this property answering dept short name Health and Social Care more like this
unstar this property answering dept sort name Health and Social Care more like this
star this property hansard heading Doctors: Pensions remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Health and Social Care, what assessment he has made of the effect of the change in the pension cap on the number of (a) consultants and (b) GPs leaving the NHS. more like this
star this property tabling member constituency Mid Sussex more like this
star this property tabling member printed
Sir Nicholas Soames more like this
star this property uin 198148 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-12-06more like thismore than 2018-12-06
star this property answer text <p>Membership data from the NHS Pension Scheme shows the number of hospital doctors and general practitioners (GPs) claiming their pension earlier than their normal retirement age. We cannot identify consultants separately, who belong to the hospital doctor group. This group also contains associate specialists and doctors in training. However, claiming a National Health Service pension does not necessarily mean the individual has left NHS service permanently. The 'retire and return' employment flexibility enables NHS employers to support skilled and experienced staff who may otherwise retire and leave service, to continue working longer.</p><p> </p><p>The following table shows the number of hospital doctors and GPs claiming their NHS pension on a voluntary early retirement basis from the 1995 NHS Pension Scheme.</p><table><tbody><tr><td><p>Scheme Year</p></td><td><p>Hospital doctors</p></td><td><p>GPs</p></td></tr><tr><td><p>2010-11</p></td><td><p>286</p></td><td><p>443</p></td></tr><tr><td><p>2011-12</p></td><td><p>315</p></td><td><p>513</p></td></tr><tr><td><p>2012-13</p></td><td><p>387</p></td><td><p>591</p></td></tr><tr><td><p>2013-14</p></td><td><p>406</p></td><td><p>746</p></td></tr><tr><td><p>2014-15</p></td><td><p>453</p></td><td><p>739</p></td></tr><tr><td><p>2015-16</p></td><td><p>494</p></td><td><p>695</p></td></tr><tr><td><p>2016-17</p></td><td><p>490</p></td><td><p>721</p></td></tr><tr><td><p>2017-18</p></td><td><p>424</p></td><td><p>588</p></td></tr></tbody></table><p> </p><p> </p><p> </p><p> </p>
star this property answering member constituency Wimbledon more like this
star this property answering member printed Stephen Hammond more like this
star this property question first answered
less than 2018-12-06T16:05:38.887Zmore like thismore than 2018-12-06T16:05:38.887Z
star this property answering member
1585
unstar this property label Biography information for Stephen Hammond more like this
star this property tabling member
116
star this property label Biography information for Sir Nicholas Soames more like this
1130525
unstar this property registered interest false more like this
star this property date less than 2019-06-06more like thismore than 2019-06-06
star this property answering body
Department of Health and Social Care more like this
star this property answering dept id 17 more like this
star this property answering dept short name Health and Social Care more like this
unstar this property answering dept sort name Health and Social Care more like this
star this property hansard heading Doctors: Pensions remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Health and Social Care, what assessment his Department has conducted of the effect of the tapered annual pension tax allowance on the retention of doctors in the NHS. more like this
star this property tabling member constituency Central Ayrshire more like this
star this property tabling member printed
Dr Philippa Whitford more like this
star this property uin 261238 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-06-11more like thismore than 2019-06-11
star this property answer text <p>The 2015 NHS Pension Scheme is a generous and valuable part of staff reward packages and remains one of the best schemes available. Its introduction ensures that National Health Service staff receive financial security in retirement, and that the scheme is affordable to the taxpayer.</p><p>The Government recognises that NHS doctors have raised concerns about pension tax charges being a factor in their decisions to retire early or limit their NHS commitments.</p><p>We are listening to concerns raised that the tapered annual allowance is affecting the retention of doctors in the NHS. The Government is prepared to take action and will bring forward a public consultation on targeted proposals to make NHS pensions more flexible for senior clinicians by allowing them a 50% reduction in pension contributions for half the pension accrual.</p><p>The British Medical Association’s view this proposal as a step in the right direction. The Department will listen carefully during consultation to reach a final proposition that works for both staff and taxpayers. The consultation gives an opportunity for groups and individuals to put forward their views.</p><p>Additionally, the scope of the voluntary ‘Scheme Pays’ facility, implemented by the NHS Pension Scheme to allow scheme members to pay annual allowance charges from the value of their pension benefits rather than upfront, has been extended to cover the payment of tax charges from breaches of the tapered annual allowance. The Government keeps the impact of public sector pay and pensions policies under constant review.</p>
star this property answering member constituency Wimbledon more like this
star this property answering member printed Stephen Hammond more like this
star this property question first answered
less than 2019-06-11T15:46:09.107Zmore like thismore than 2019-06-11T15:46:09.107Z
star this property answering member
1585
unstar this property label Biography information for Stephen Hammond more like this
star this property tabling member
4385
star this property label Biography information for Dr Philippa Whitford more like this
1127129
unstar this property registered interest false more like this
star this property date less than 2019-05-16more like thismore than 2019-05-16
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
unstar this property answering dept sort name Treasury more like this
star this property hansard heading Doctors: Pensions remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, what assessment he has made of the effect of the annual tapered allowance on the retention of doctors in NHS hospitals. more like this
star this property tabling member constituency Coventry South more like this
star this property tabling member printed
Mr Jim Cunningham more like this
star this property uin 255267 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-05-21more like thismore than 2019-05-21
star this property answer text <p>The Government is committed to public service pensions which are fair to workers and fair to other taxpayers. The tapered annual allowance is focussed on the highest earning pension savers, to ensure that the tax relief they receive is not disproportionate to that of other savers. The Government is aware of specific concerns raised by some high-earning NHS doctors impacted by annual allowance tax charges. As the Chancellor said at the Treasury Select Committee, we are currently in discussions with the Department of Health and Social Care about providing additional pension flexibility for NHS doctors affected by annual allowance tax charges.</p> more like this
star this property answering member constituency South West Norfolk more like this
star this property answering member printed Elizabeth Truss more like this
star this property question first answered
less than 2019-05-21T11:47:15.157Zmore like thismore than 2019-05-21T11:47:15.157Z
star this property answering member
4097
unstar this property label Biography information for Elizabeth Truss more like this
star this property tabling member
308
star this property label Biography information for Mr Jim Cunningham more like this
577557
unstar this property registered interest false more like this
star this property date less than 2016-09-07more like thismore than 2016-09-07
star this property answering body
Department of Health more like this
star this property answering dept id 17 more like this
star this property answering dept short name Health more like this
unstar this property answering dept sort name Health more like this
star this property hansard heading Doctors: Pensions remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Health, what the average lifetime allowance on retirement is for existing consultants and GPs; and what the average private sector pension pot is on retirement. more like this
star this property tabling member constituency Morley and Outwood more like this
star this property tabling member printed
Andrea Jenkyns more like this
star this property uin 45367 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2016-09-16more like thismore than 2016-09-16
star this property answer text <p>The National Association of Pension Funds Annual Survey 2013<sup><sup>[1]</sup></sup> states that the average pension paid to scheme members of defined benefit schemes is around £8,100 a year. A pension of this amount at retirement is likely to be valued at between £160,000 and £200,000 for lifetime allowance purposes.</p><p> </p><p>The average value of pension for lifetime allowance purposes is £920,000 for consultants and £1,012,000 for general medical practitioners.</p><p><strong> </strong></p><p>The data underlying the average pension figures, that were supplied by the Government Actuary’s Department above, are based on NHS Pension Scheme membership data as at 31 March 2015 and covers both 1995 and 2008 section members.</p><p> </p><p>The average pension figures are taken from the active member data and based on average accrued pension for those aged 59 and over in 1995 scheme and 64 and over in 2008 scheme. Note that these are mostly 1995 section members so they will also qualify for a lump sum of three times their pension.</p><p> </p><p>We are unable to identify consultants directly from the data, so the above figures are based on data for all officers earning over £76,001 (the lowest pay threshold for a consultant in 2016/17 on a 2003 contract). The results will therefore include some non-consultants, and the figure could potentially be skewed by inclusion of other higher earners, for example specialist nurses who have additional non-basic pensionable pay.</p><p> </p><p>There could be potential skewing caused by recent trends of high earners opting out/retiring from the scheme (they would therefore not be in the underlying data used to derive the above pension amounts).</p><p> </p><p>[1] <a href="http://www.plsa.co.uk/PressCentre/news/0494-National-Association-of-Pension-Funds-Annual-Survey-2013-key-findings.aspx" target="_blank">http://www.plsa.co.uk/PressCentre/news/0494-National-Association-of-Pension-Funds-Annual-Survey-2013-key-findings.aspx</a></p><p> </p>
star this property answering member constituency Ludlow more like this
star this property answering member printed Mr Philip Dunne more like this
star this property question first answered
less than 2016-09-16T12:01:00.03Zmore like thismore than 2016-09-16T12:01:00.03Z
star this property answering member
1542
unstar this property label Biography information for Mr Philip Dunne more like this
star this property tabling member
4490
star this property label Biography information for Andrea Jenkyns more like this
1130411
unstar this property registered interest false more like this
star this property date less than 2019-06-06more like thismore than 2019-06-06
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
unstar this property answering dept sort name Treasury more like this
star this property hansard heading Doctors: Pensions remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, what progress has been made on amending the tapered annual allowance for NHS doctors. more like this
star this property tabling member constituency Coventry South more like this
star this property tabling member printed
Mr Jim Cunningham more like this
star this property uin 261103 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-06-11more like thismore than 2019-06-11
star this property answer text <p>The pension tax rules apply equally across all registered public and private sector defined benefit schemes, including the NHS Pension Scheme. The Government keeps all aspects of the tax system under review through the annual Budget process.</p><p> </p><p>On the 3 June 2019 the SoS for Health and Social Care announced his intention to consult on implementing a new pension flexibility for senior clinicians in the NHS Pension Scheme for England and Wales, to provide a structured way for clinicians to manage their NHS pension growth.</p> more like this
star this property answering member constituency South West Norfolk more like this
star this property answering member printed Elizabeth Truss more like this
star this property question first answered
less than 2019-06-11T10:50:01.76Zmore like thismore than 2019-06-11T10:50:01.76Z
star this property answering member
4097
unstar this property label Biography information for Elizabeth Truss more like this
star this property tabling member
308
star this property label Biography information for Mr Jim Cunningham more like this