Quilter: Govt should amend NHS scheme rules due to Covid
By
Michael Klimes
17
th December 2020
10:49 am
Quilter has urged ministers to change NHS scheme pays rules so staff avoid “undue tax costs” while they fight coronavirus.
The open letter calls for an overhaul of the rules to give members more time to get their pension planning in order.
It has been sent to chancellor Rishi Sunak, health secretary Matt Hancock and economic secretary to the Treasury John Glen.
Scheme pays allows savers to settle annual allowance tax charges of more than £2,000 through the pension fund without needing to find cash upfront.