09 / 04 / 2020
Download our handy infographic, which can be used by employers to communicate the changes to the annual allowance taper to staff, following the March Budget. These changes came into effect on 6 April 2020
- The new reforms are a welcome announcement; it is suggested that based on NHS earnings, 98 per cent of consultants and 96 per cent of GPs will now not be effected by the taper and are therefore less likely to incur large tax bills.
To complement this we have published a video presentation for employers which explains the reforms and provides scenarios to highlight the impact of these on NHS Pension Scheme members.
We also have a list of organisations that can offer independent financial advice which employers can signpost staff to.
There is a variety of resources and guidance on the NHS Pension Scheme in our web pages.