FT - Tories to raid tax relief pensions

Mick70

Interest rates have just been slashed by 0.5%

Drp8713

Really hoping for removal / raising of the threshold for the HICBC today.
Other than that, increasing the personal allowance or 40% threshold would do nicely.

Anonymous101

Mick70 said:

I think the budget will have changed quite a bit from original plans , be surprised if much impact on pensions 

Absolutely. I think recent events will have removed any chance of a reform of pensions for the time being. 

crv1963

Anonymous101 said:

Mick70 said:

I think the budget will have changed quite a bit from original plans , be surprised if much impact on pensions 

Absolutely. I think recent events will have removed any chance of a reform of pensions for the time being. 

I think the only pension changes are likely to be around the LTA, as they want to encourage retired health professionals back to work, and the LTA is what encourages many, particularly medics to retire.

Mistermeaner

crv1963 said:

Anonymous101 said:

Mick70 said:

I think the budget will have changed quite a bit from original plans , be surprised if much impact on pensions 

Absolutely. I think recent events will have removed any chance of a reform of pensions for the time being. 

I think the only pension changes are likely to be around the LTA, as they want to encourage retired health professionals back to work, and the LTA is what encourages many, particularly medics to retire.

the other way to deal with that is to reduce the generosity of medics pensions; a win-win for the health service and the tax payer

Paul_Herring

the other way to deal with that is to reduce the generosity of medics pensions; a win-win for the health service and the tax payer

Unlikely to happen, however. I can almost hear the squeals of anguish now...

For instance: https://www.dailymail.co.uk/news/article-7722801/Medic-slams-Question-Time-guest-claimed-doctors-earn-80k.html

Dr Asif said he works some 40 hours a week and his earnings cover a single salary household with an 18-month-old son. 

He told MailOnline doctors are 'massively underpaid', adding: 'Mr Barbers' ill-informed comments made me appreciate the sheer ignorance that is prevalent...

At the time of writing, Dr Asif's twitter account has been deleted. Questions relating to any private work he does remain unanswered.

Andy_L

Paul_Herring said:

For instance: https://www.dailymail.co.uk/news/article-7722801/Medic-slams-Question-Time-guest-claimed-doctors-earn-80k.html

Dr Asif said he works some 40 hours a week and his earnings cover a single salary household with an 18-month-old son. 

He told MailOnline doctors are 'massively underpaid', adding: 'Mr Barbers' ill-informed comments made me appreciate the sheer ignorance that is prevalent...

At the time of writing, Dr Asif's twitter account has been deleted. Questions relating to any private work he does remain unanswered.

AIUI, only NHS consultants can do private work. Junior Doctors, like this guy, can't

Mick70

crv1963 said:

Anonymous101 said:

Mick70 said:

I think the budget will have changed quite a bit from original plans , be surprised if much impact on pensions 

Absolutely. I think recent events will have removed any chance of a reform of pensions for the time being. 

I think the only pension changes are likely to be around the LTA, as they want to encourage retired health professionals back to work, and the LTA is what encourages many, particularly medics to retire.

if that were to happen it would have been announced today

Filo25

Pension taper increased by 90k on both limits

Paul_Herring

Just announced:

Victory on doctors and nurses' pensions

The Chancellor announces a victory for doctors and nurses who were finding their pensions hammered by dodgy rules.

98% will be taken out of the current problem, the Chancellor claims, as he increases the taper threshold on pensions by £90,000.

It’s a very complicated issue but one that doctors had long complained about.

So £110K/£150K to £200K/£240K