ARTICLE · 08 AUGUST 2019

NHS Pension Scheme: Hope In Sight For Workforce Issues?

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The government has just announced new proposals to help senior clinicians take on additional work without breaching the annual allowance tax threshold and facing tax charges.

United KingdomEmployment and HR

The government has just announced new proposals to help senior clinicians take on additional work without breaching the annual allowance tax threshold and facing tax charges.

What we know so far:

A new Department of Health and Social Care consultation will replace the previous one commenced a couple of weeks ago on the so called 50:50 proposal.
The new proposals to be consulted on appear to include the following:

i) from April 2020, senior clinicians will be able to individually choose their level of pension accrual (build up) in the NHS Pension Scheme (in 10 per cent steps) at the start of each year, and pay proportionately reduced contributions. eg 30% contributions for a 30% accrual rate.

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