Doctors' pensions rules to be overhauled to let them take extra shifts without fear of hefty tax bills

PENSION rules for doctors are to be overhauled so they can pick up extra shifts without fear of hefty tax bills after being blamed for a "staffing crisis".

Some were reported to have had to remortgage their homes to cover their tax bills, while others were faced with the choice of cutting their hours, opting out of the NHS pension scheme, or taking early retirement.In a joint statement the Department for Health and Social Care and the Treasury said the changes would provide an "immediate solution" for experienced doctors and nurses facing sizeable tax rises in the current financial year.

The move was welcomed by the British Medical Association , which has been leading the campaign to get the rules changed, as a "step forward" by the Government. "It is bitterly disappointing that the Government is resorting to spin and hot air when it has known for many months that the crisis was deepening."The announcement comes just days after Mr Johnson announced a £1.8 billion cash injection for the NHS - describing it as his "top priority" in government.

Their employers would then have the option to recycle their unused contribution back into their salary.

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Ministers announce overhaul of pensions for top doctors and surgeons'Proposals will give doctors the pension flexibilities they have called for and need to make sure they are rewarded for extra work,' says health secretary
Source: The Independent - 🏆 80. / 59 Read more »

'Tax trap' pension rules to change in effort to halt NHS crisisHealth secretary to reform system that deters senior medics from taking extra shifts Most MPs will be affected by these same pension restrictions - certainly every Tory. Would be interesting to see if they’ve all paid the tax penalty. Bravo 👏 Next for the axe should be the LoanCharge which is devastating families across the country, destroying profitable companies and has cost lives. Hundreds of NHS staff impacted. There is opposition to the LoanCharge from all across the House. TimeForAction! Why have a special case for wealthy NHS consultants ? I’m sure many other people in other jobs would like to gorge themselves in a similar manner ? uk
Source: The Guardian - 🏆 84. / 53 Read more »