NHS Pension Scheme

Part of Oral Answers to Questions — Treasury – in the House of Commons at on 21 May 2019.

Alert me about debates like this

Photo of Philip Hammond Philip Hammond The Chancellor of the Exchequer

The NHS pension scheme and other public service schemes are among the most generous pension schemes available in this country today. The tapered annual allowance is focused on the highest-earning pension savers to ensure that the tax relief that they receive is not disproportionate to that of other savers. However, I do accept that there is some evidence that the annual allowance charge is having an impact on the retention of high-earning clinicians in the NHS. I am in discussion with my right hon. Friend the Health Secretary about how to provide additional pension flexibility for NHS doctors affected by the annual allowance tax charge, and he will make an announcement as soon as possible.