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NHS staff total 15% of annual allowance breaches

NHS staff total 15% of annual allowance breaches
moneymarketing.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneymarketing.co.uk Daily Mail and Mail on Sunday newspapers.

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HMRC extends reporting and payment deadlines for scheme pays

HMRC extends reporting and payment deadlines for scheme pays
pensions-expert.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pensions-expert.com Daily Mail and Mail on Sunday newspapers.

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NHS staff breaching annual allowance reach for scheme pay options

So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money , says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download
In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download
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Seven in 10 doctors miss chance to slash pension tax bill

Seven in 10 doctors miss chance to slash pension tax bill
There is not enough time to complete onerous paperwork, experts warn
22 May 2021 • 5:00am
Thousands of NHS workers on the front line face devastating tax bills as a result of punitive pension rules and “grossly unfair” deadlines.
Seven in 10 doctors will be hit with hefty tax charges – due to the “tapered” annual allowance – and will have to settle bills from their own savings, a Freedom of Information request, submitted by wealth firm Quilter, has revealed. This is due to a forthcoming deadline many doctors will miss.
Pension tax rules have caused costly problems for higher-earning NHS staff, leaving them tens of thousands of pounds out of pocket when they exceed the pensions allowance. ....

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FA Cup final: Leicester City dream of a happy ending to epic quest

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