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.Ben Zaranko from Institute for Fiscal Studies described IFS chart(lt) as "bonkers". He was absolutely correct- huge disincentive to do more work / earn more We'd love to meet up with Paul Johnson again to update him on pension tax again, as v similar "bonkers" position in NHS (rt) #PayToWork

The #pensionstaper is completely not fit for purpose. It has an inbuilt cliff-edges that can create perverse incentives for high earning medics to not be able to take on addition work without #PayingToWork If you want to fix #waitinglists Wes Streeting, you need to fix this 👇

Wes Streeting again, this is why I had to retire 5 years early. Fix this now and you’ll keep many senior clinicians. If you don’t you WILL lose them. The economics of this are utterly unarguable.

IMPORTANT: Its crucially important higher earners at risk of #taper understand risks, especially in year where pay/pension has *started* to be *restored*👇[still way down] With upcoming budget its crucially important policy makers understand risks Wes Streeting James Murray

Lots of concern amongst consultant colleagues regarding pension tax bills and other tax "cliff edges" Rumours re upcoming budget are adding to the unease Most of the (partial) solutions involve doing less work, which is obviously bad news for NHS services 😞

1/2 NEW: Today we are expecting an interim release of the HMRC McCloud compensation tool promising "improvements to the income sub-journeys, scheme pays – credits & elections, and the ability for members to save and return" However no need to do anything yet, not least because

Complete nonsense from The Telegraph Madeleine Ross 👇implying number of people getting £100k pensions is exploding (& trying to link it to pay awards). We told them it was nonsense BEFORE they published. Truth is its a TINY proportion, getting SMALLER. Utter nonsense quote from

This is of course, at the moment, speculation. Speculation that is seen before every budget albeit the speculation is louder this year, it is still just that Any government would be foolish to not consider the secondary behavioural impacts in plans of senior people in the NHS

1/ BREAKING: IMPORTANT updated pay chart based on today's NHS England Transformation release of data to June 2024 from the superb Stuart Hoddinott at Institute for Government So what does it show.. that pay (AND THEREFORE PENSIONS BASED ON THIS PAY) in the NHS has been comprehensively trashed Pls RT!

BREAKING: BMA Pensions Committee write to HM Treasury about delays in RPSS / PSS 23/24 👇cc Wes Streeting Press release: bma.org.uk/bma-media-cent…

The consultant pay deal was clear that all rates should be negotiated. If you are going to impose cuts, caps and cartels without agreement, expect doctors in our @theBMA to fight back.

Thank you Pete Ford for your excellent letter 👇 It is essential Wes Streeting & Tulip Siddiq understands this graph & why #TAPER is such a threat to waiting lists BMA Pensions Committee meeting minister later this month, if this affects you, let your MP know too Pls RT if agree

Calling all GP Partners. We need YOU to write to your MP to demand a Government U-turn on national insurance contributions. Use our quick and easy online tool to have your say today 👇 activism.bma.org.uk/page/160285/ac…

Calling all Consultants, SAS and GP BMA members - please complete this survey so that we can understand how the annual allowance is impacting your ability to take on additional work.   Survey closes 26th February - only takes 3-5 minutes research.net/r/PensionsTaxa…

Our pensions survey has revealed that pension tax rules are potentially reducing NHS waiting list capacity by almost 10%. No one should be #payingtowork, the Government must scrap the annual allowance taper - tinyurl.com/3p7rt774

1 in 5 consultants who responded to our survey said they had reduced their “regular overtime” this year due to the tapered annual allowance. We’re urging the Government to remove the annual allowance taper, as no one should be #payingtowork tinyurl.com/3p7rt774

Almost 1 in 4 GP Partners have reduced their hours by an average of 1.7 sessions a week because of the AA taper. This is potentially 4 million lost appointments a year. No one should have to #paytowork - the Government must urgently scrap the AA taper. tinyurl.com/3p7rt774