NHS workers make up one third of AA breaches

HM Revenue and Customs has released its latest pension annual allowance data

Jenna Brown
clock • 3 min read
NHS workers make up one third of AA breaches

NHS workers account for more than a third of all pension annual allowance (AA) breaches, according to analysis of HM Revenue and Customers (HMRC) data.

Analysis by Quilter found at least 34% of all people who exceeded the AA in 2019/20 were members of the NHS Pension Scheme. HMRC data showed that 42,350 taxpayers reported pension contributions ...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

More on Law and Regulation

TPO upholds Nest member's personal data complaint

TPO upholds Nest member's personal data complaint

Firm ordered to refund Nest scheme contributions it had deducted

Holly Roach
clock 08 August 2022 • 1 min read
Arter: "Recruitment will enable us to meet the ongoing increase in demand"

Reducing customer waiting times key priority for TPO

63% of customers reported dissatisfaction with the speed their complaint was dealt with

Martin Richmond
clock 03 August 2022 • 3 min read
Approach to taxation on withdrawals a 'quiet scandal'

Approach to taxation on withdrawals a 'quiet scandal'

AJ Bell analysis found pension freedoms over-taxation reclaims are approaching £900m

Holly Roach
clock 22 July 2022 • 1 min read
Trustpilot