Future Healthcare

Don’t quit the NHS pension

By Edie Bourne

Doctors breaking tax-relief ceilings on pension savings should think twice about leaving the NHS pension scheme, warn specialist medical financial advisers. 

HM Revenue and Customs (HMRC) has revealed that the amount of money raised from those exceeding the ‘lifetime allowance’ has surged by nearly 2,000% over the past decade. Tax revenue has increased from £5m in 2006-07 to £102m in 2016-17.

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