Pensions: government review will “fix” annual allowance tax trap, says HancockBMJ 2019; 367 doi: https://doi.org/10.1136/bmj.l7052 (Published 19 December 2019) Cite this as: BMJ 2019;367:l7052
- Abi Rimmer
- The BMJ
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 …