Pensions: Taxation

(asked on 12th February 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what progress he has made on tackling the effect of pension taxation on NHS leaders.


Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 24th February 2020

The Government recognises that urgent action is needed to resolve the pensions tax issue which has caused some doctors to turn down extra shifts for fear of high tax bills.

We are committed to ensuring that hard-working NHS staff do not find themselves reducing their work commitments due to the interaction between their pay, their pension and the relevant tax regime.

That is why the Government is taking forward its manifesto commitment to carry out an urgent review of the pensions tapered annual allowance, to make sure that doctors spend as much time as possible treating patients. The Government has announced that the review will report at Budget.

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