Doctors Pensions - What Options Are Open to You?

If you have growth in excess of the annual allowance 40,000 a year assuming you're not tapered Then you pay tax on that at essentially your marginal rate Which is likely to be 40 or 45% Is that right? That's correct, yeah. So it appears as a tax charge within your tax calculation at the end of the year And you've got to calculate that Yeah, so imagine you've got a charge for thatWhat options are open to people to pay it? So there's three options really and it depends on your circumstances The most obvious one is you pay that yourself. Some older doctors may have previously Under different tax rules have been able to build up an investment in a private