Many thanks for contacting me about NHS pension contributions. I have made a note in my diary about the Adjournment debate on 13 June and I will attend if my diary allows.
I appreciate your concern about working additional hours in the health service and the impact of pension and tax constraints on your final remuneration. Hardworking NHS staff should be able to increase their work commitments without feeling that they are being penalised financially.
Changes were introduced in April 2020 to increase the threshold at which the tapered annual allowance applies. This means that anyone with an annual net income of up to £200,000 will not be affected by a tapering of the annual allowance. The start of the taper only begins for those with a total income, including pension accruals, above £240,000. I understand it has been estimated that up to 96 per cent of General Practitioners and up to 98 per cent of consultants have been taken out of the tapered annual allowance and so continue to benefit from the tax relief.
The Hansard report of the debate will be published 3 hours after it takes place at: www.hansard.parliament.uk where you will find it by following the date and the Westminster Hall tab. Thank you again for taking the time to contact me.
12 July 2022