Independent practitioners will be affected by a wide range of changes announced in Chancellor Philip Hammond’s latest Budget. Susan Hutter provides a round-up and some useful tips.
Pensions Tax Relief
Those doctors with income of more than £150,000 will be subject to the allowance being tapered by £2 for every £1 of income earned above £150,000, with a minimum allowance available to those earning over £210,000 of £10,000.
The Lifetime Allowance limit will be increased to £1,030,000 – from the £1m first introduced in April 2016 – with effect from April 2018.LOGIN OR REGISTER TO READ MORE……………