Annual Allowance and NHS Pensions Update
On Monday we reported that a Parliamentary debate would be held on 2 April on the effect of Annual Allowance on NHS pension scheme members. The House of Commons Hansard has now been published and you can read it here. Clearly many of these themes are equally applicable to an increasing number of Armed Forces pension scheme members who find themselves subject to the AA pension tax charge. And, as we have said before......we are talking with others across the public sector, seeking common ground on which to engage with HMT, urging them to acknowledge and address the unintended consequences of this tax.