Member statement on annual allowance pension tax changes
9 December 2019
For ‘reasons of urgent operational necessity’, the Secretary of State for Health and Social Care, Matt Hancock, has released a statement confirming commitments for payments to clinicians affected by annual allowance pension tax will be honoured when clinicians retire.
Clinicians are therefore now immediately able to take on additional shifts or sessions without worrying about an annual allowance charge on their pensions.
Discussions are still currently ongoing, letters will be sent to affected individual clinicians by their employer outlining proposed terms and conditions.
This statement has been released by the Health Secretary following calls for clarification by the College and the Academy of Medical Royal Colleges.
What you can do
The College is looking for case studies on how these tax changes affect you, you can get in contact by emailing: [email protected]
You can read the statement in full here