NHS staff scheme opt outs up 22% in 2019/20

Complicated tax rules mean many NHS doctors are better off declining promotions and extra hours

Hope William-Smith
clock • 2 min read

The number of people who opted out of the NHS Pension Scheme increased by nearly 10,000 in the 2019/20 tax year, according to Quilter.

A freedom of information request from the wealth manager found 50,399 scheme members opted out in 2019/20 and that an average 44,843 NHS staff opted out of the pension scheme each year in the last ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

Hope William-Smith
Author spotlight

Hope William-Smith

Editor at Professional Adviser

View profile
More from Hope William-Smith

Chair of The Pensions Ombudsman Caroline Rookes dies

DC pension holders now waiting an average of 29 days for transfers

More on Defined Benefit

Industry supports DB surplus release so long as clear parameters set, Aon finds
Defined Benefit

Industry supports DB surplus release so long as clear parameters set, Aon finds

Poll finds industry favours prudent thresholds and detailed consideration when it comes to future plans for surplus release

Holly Roach
Holly Roach
clock 23 April 2025 • 3 min read
Sponsoring employers facing less pressure after 'radical' funding improvements
Defined Benefit

Sponsoring employers facing less pressure after 'radical' funding improvements

Broadstone says employer contributions needed to plug scheme shortfalls have ‘plummeted’

Holly Roach
Holly Roach
clock 22 April 2025 • 1 min read
Tender Watch: LGPS re-appoints Equiniti as admin software supplier
Defined Benefit

Tender Watch: LGPS re-appoints Equiniti as admin software supplier

LGPS re-appoints Equiniti as software supplier on national framework for a further four years

Professional Pensions
Professional Pensions
clock 15 April 2025 • 1 min read
Trustpilot