Whilst Boris Johnson’s government has vowed to ‘fix’ the NHS Pension tax issues, any changes are not likely to be implemented until the 2020/21 tax year. In fact the recent government consultation on NHS Pension tax issues confirms this. If you are a member of the NHS...
When Can You Take Your Pension? When can you take your pension? This was a question I was asked by a client this week as we met for a review and were plotting their retirement plan. Like most things in finance the answer is not straight forward. But knowing when and...
If you are a member of a defined benefit pension like the NHS pension, you will need the CPI for annual allowance calculation. It’s vital you use the CPI figure from the right date otherwise your calculations will be incorrect when working out your annual allowance....
Those Most Impacted By The Tapered Annual Allowance After years of fiddling around and reducing the savings benefits of a pension, on 6th April 2016 the government introduced the Tapered Annual Allowance. This is probably the most complicated and worst of the fiddles...
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