According to an article from the Financial Times, the number of doctors exceeding the pension annual allowance in 2021-22 has increased by almost 70 per cent compared to the previous tax year, with 55,765 doctors being pushed over the limit. Since 1995, the NHS pension scheme has undergone several changes, making it hard for healthcare professionals and staff to keep up with them. In this guide, we review the changes that still affect many NHS staff members and share some useful information on how to better secure your pension and your future 👉 https://lnkd.in/dZWArMym #pensions #pensionscheme #nhs #nhspensions #personalallowance #finance #financialplanning
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I help Muslim professionals, particularly doctors and dentists, navigate their financial journeys with personalised, independent financial advice.
For my medic contacts, Chase de Vere just published some important information about your annual allowance statement for 2022-2023. Reach out if you have any questions about this. #annualallowancestatement #taxplanning #financialplanning #finance #NHS #healthcare #medics #doctors
If you’re still waiting for key documentation relating to your NHS Pension Scheme membership for 2022-23, don’t worry – special arrangements are in place. #annualallowance #statements #pensions https://lnkd.in/eunKbpbJ
Why doctors may still be missing their annual allowance statements | Chase de Vere Medical
chasedeveremedical.co.uk
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🚨NHS Pensions - updates confirmed from April 2024:🚨 Removal of abatement for special class and mental health officer status Confirmation that the second contribution rate adjustments will be implemented and that bands will increase each year by the higher of CPI or Annual Awards Salary sacrifice is not suitable for partial retirement Those who partially retire and reduce their hours will have any additional hours worked as non-pensionable for the initial 12 months of partial retirement, therefore not impacting the pensionable pay - employers need to be aware of this. https://t.co/UoCE1YsanA
Government response to the NHS Pension Scheme: member contributions phase 2 and miscellaneous amendments consultation
gov.uk
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Today's Autumn Statement saw a number of important announcements for #pensions. In our latest article, we outline the key proposals, next steps in relation to the Mansion House pension reforms and what else came out of today's announcements. Read more: https://gowlg.co/3utzGq9
The Autumn Statement 2023 - what do the Chancellor's announcements mean for pensions?
gowlingwlg.com
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The expected benefits offered by collective defined contribution (CDC) schemes could be 50% greater than those offered by defined contribution (DC) schemes, research from Lane Clark & Peacock (LCP) finds. #Pensions #CDC #RetirementBenefits
UK. CDC benefits may be 50% greater than those offered by DC, says LCP - Pension Policy International
https://www.pensionpolicyinternational.com
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As employers look to finalise budgets for 2024 there are some very challenging issues: • Rising costs • Demand for salary increases • Double digit rises in Health Insurance funding costs • The ongoing evolution of work flexibility • Pension changes On the point of pension change many employers have just dealt with the implications of #IORPII and they are now faced with tackling the implications of Auto Enrollment. The government continue to target the second half of 2024 for implementation but with so many outstanding questions this timeline is likely to be very challenging to meet. In today’s The Irish Times Ray Mc Kenna gives some great insights to some of the challenges faced to get Auto Enrollment operational in 2024. #pensions #autoenrolment
Pensions auto-enrolment: The huge pensions shake-up that 70% of us don’t know about
irishtimes.com
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Interesting article from my colleague #women #healthandwellness #womenshealthmatters
Thought provoking article from my colleague Helen Pengelly... #pensions #retirementplanning #retirementsavings #genderpaygap https://lnkd.in/eD69dU-X
Pension Warning for Women
https://www.wingatebs.com
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As RPBs increase their interest in IPs checking RP15 claims, here our Managing Director Darren Toms Pensions and ERA Specialist sets out his views as to why pension providers are not best placed to calculate and submit unpaid pension contribution claims #pensions #insolvency #employees
Why pension providers shouldn't calculate RP15 claims - Clumber Consultancy
https://clumber.uk
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Update: Government urged to act following Virgin Media pension case ruling In light of the recent developments surrounding the Virgin Media case, there is growing pressure for government intervention, a move that could significantly impact the defined benefit (DB) pension sector. Read more in the article below 👇 https://lnkd.in/e_VNTsAV #pensions #pensionaudit #accountants
Update: Government urged to act following Virgin Media pension case ruling - Rowleys
https://www.rowleys.biz
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Update on GOV.UK with regards Member Voluntary Contributions (MVC) Factsheet. #UKArmedForcesPensions | #UKArmedForces | #ArmedForces | #Pensions https://lnkd.in/eUYxiQ89
Armed forces pensions
gov.uk
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The publication of pension auto-enrolment bill represents a significant moment in the reform of Ireland’s pensions system and will pave the way for up to 800,000 workers to be brought into the pensions safety net. While the bill sets out Government’s commitment to introduce the new scheme from January, the legislation represents a missed opportunity to provide a more flexible system for employers and employees. Employers will need to assess their current pension arrangements and assess how they will navigate the complex changes required across payroll, finance and HR. Despite these challenges, it is positive to see pension auto-enrolment being progressed and take one step forward towards creating a fairer and more sustainable pension system. Our team at Aon Ireland is committed to supporting employers make better decisions as they prepare for the introduction of pension auto-enrolment and build the resilience of their workforce into the future. #AonIreland #HumanCapital #Pensions #betterdecisions
Pension auto-enrolment: What is it and what will it cost?
rte.ie
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