The Department of Health and Social Care will shortly open a new public consultation proposing full flexibility over the amount senior doctors put into their pension pots. This replaces the previous 50:50 proposal put forward last month (which was heavily criticised).
Starting from April 2020, the new rules would allow senior clinicians to set the exact level of pension accrual at the start of each year. For example 30% contributions for a 30% accrual rate, or any other percentage in 10% increments depending on their financial situation. This would give them room to take on additional work without breaching their annual allowance and facing tax charges.
Clients of threesixty are kept up to speed with the latest regulatory, industry and technical developments via our regular news and opinions articles.
As well as being updated via the articles we publish to threesixty online, clients can specify to us what type of articles they want to receive (by category) and how frequently they receive them.
To try this service, simply register your details with us and we'll give you 3 months free and unlimited access to our news and opinions.