Pensions: government review will “fix” annual allowance tax trap, says Hancock

The government has launched a review into the annual allowance taper imposed on doctors’ pensions and promised a swift and long term resolution to tackle the substantial tax burdens that are stopping many senior doctors from taking on extra work.

The taper, introduced in 2016-17, reduces the amount that high earning doctors can save in their pensions tax free. Accountants have previously told The …