Scottish health secretary Jeane Freeman has written to chancellor Sajid Javid demanding he find a solution for heavily-taxed senior NHS workers in his upcoming Budget.
The Office of Tax Simplification (OTS) has called on the government to review its “complicated” pension tax measures and simplify engagement with the system.
More than 4,500 pension scheme members breached the lifetime allowance in the 2017/18 tax year, an increase of 36% from the year before, according to HM Revenue and Customs (HMRC).
The government must conduct a fundamental review of tax reliefs and allowances to reduce complexity and confusion, says Malcolm McLean
NHS Employers has published guidance for employers to support staff affected by the pension taxation issues.
Nearly 4,000 members of the Armed Forces Pension Schemes breached their annual tax-free pensions savings limit in 2017/2018, a freedom of information (FOI) request has revealed.
The government has put forward proposals to review pensions tax relief rules in order to give senior NHS clinicians full flexibility over the amount that they contribute to their pensions.
Conservative leadership contender Boris Johnson has promised to fix the pension tax relief rules that are causing senior doctors and highly-paid staff in the NHS to work fewer hours leading to longer waiting lists.
Chancellor Philip Hammond is being pressed to tackle the impact of pensions allowances on the NHS' ability to recruit and retain staff.
Chancellor Philip Hammond is set to announce cuts to pensions tax relief in his Budget later this month in order to raise revenue to pay for NHS funding commitments, according to reports.
Around three-fifths of respondents in this week's Pensions Buzz backed the view that trustees should take a proactive approach to engage with members when they are seeking to transfer out of their defined benefit (DB) scheme.
Chancellor of the Exchequer Philip Hammond has confirmed he will deliver the government's annual budget on 29 October.
Any further changes to tax relief would undoubtedly add to the cost and complexity of running a DB scheme, says Steve Webb
As Budget day approaches, Jonathan Stapleton says while meddling in pensions may offer an easy way to raise some cash, it must be resisted
Ahead of the second Budget of 2017, industry experts tell James Phillips what they think the chancellor will seek to change on 22 November.
Schemes have just five days left to organise voluntary scheme pays processes if they are to be ready for the January tax deadline, Punter Southall has warned.
Labour's proposal to raise income tax for higher earners could result in industry "horror" with the annual allowance taper being slashed by £70,000, Hargreaves Lansdown has warned.
Mel Duffield says savers should think carefully before deciding to choose a LISA over a pension.
Ahead of tomorrow's Budget, PP looks at what the industry would like to see.
The reduction of the annual allowance in 2014 has caused a significant rise in the number of people breaching the limit.
After extra £3bn cost to Treasury
The government has announced a consultation into reducing the money purchase annual allowance (MPAA).
Tax relief reductions have lowered the allure of pensions relative to other savings products, potentially costing the government billions of pounds in lost tax revenue over the long term.
The delayed launch of a service to check the protection status of members following the lifetime allowance (LTA) cut will mean extra work for administrators.