5min chapter

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Ep 149: (BUDGET SPECIAL) NHS Pension problems solved?

Medics Money podcast

CHAPTER

The Lifetime Allowance for NHS Doctors

Lifetime allowance was a huge shock, as it stands going to be a very positive position for NHS doctors. The Labor Party have said that they at least very much can now accept there's a problem with taxation in respect of its impact in the NHS pension and on recruitment or retention. Whatever lifetime allowance will continue as this, we'll have to see the link party have come out fairly instantly and so they are opposed to changing it if they got elected. Those above 200,000s need to continue to have active conversations with their advisor. It doesn't mean they should stay out of the scheme necessarily. But you could potentially be able to mitigate some of these quite significantly.

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