Top NHS doctors to be given more flexible pensions
- Also published by:
- Department of Health and Social Care
The government has launched proposals to make pensions more flexible for senior clinicians delivering frontline care.
High-earning senior clinicians will be able to support more patients while saving into their NHS pension without facing significant tax charges, under plans launched by the government yesterday.
The government will consult on proposals to offer senior clinicians a new pensions option. This would allow them to build their NHS pension more gradually over their career by making steadier contributions towards their pension, without facing regular, significant tax charges.
It would mean clinicians can freely take on additional shifts to reduce waiting lists, fill rota gaps or take on further supervisory responsibilities.
A proposal known as a 50:50 option would allow clinicians to halve their pension contributions in exchange for halving the rate of pension growth.
Senior doctors have said that pension tax charges are discouraging them from taking extra work to support patients and causing them to question whether to remain in the NHS Pension Scheme.
An independent review of the GP partnership model found this issue was a factor for many GPs in deciding to retire early. 57% of GPs who retired in 2018 to 2019 took early retirement, a total of 610.
The agreement is an important part of the NHS’s first ever People Plan, published on 3 June 2019.
The interim plan focuses on actions to:
- recruit more staff
- make the NHS a great place to work
- support staff to deliver modern care
Retaining the NHS’s highly skilled clinical workforce is an important part of delivering the ambitions for patient care set out in the NHS Long Term Plan.
The government will continue to examine the evidence on how this specific issue affects other public sector workforces.
Health and Social Care Secretary, Matt Hancock, yesterday said:
Our NHS runs on the hard work and dedication of brilliant staff who deliver world-class care for patients every day. Each and every senior consultant, nurse or GP is crucial to the future of our NHS, yet we are losing too many of our most experienced people early because of frustrations over pensions.
We have listened to the concerns of hardworking staff across the country and are determined to find a solution that better supports our senior clinicians so we can continue to attract and keep the best people.
The reforms we are setting out today will give clinicians greater flexibility to manage their pensions, have more control over their future, and offer a deal that’s fair to doctors, taxpayers, and the patients they care for.
Latest News from
Alok Sharma appointed COP26 President18/02/2020 15:38:00
Alok Sharma was appointed as COP26 President on Thursday 13 February 2020.
Former Government training centre sold to provide new homes and a retirement village18/02/2020 12:20:00
The Cabinet Office has sold the former Government Civil Service College site at Sunningdale Park in Berkshire for around £50 million.
Government confirms plans to introduce import controls11/02/2020 11:37:00
The government yesterday confirmed plans to introduce import controls on EU goods at the border after the transition period ends on 31 December 2020.
Government delivers on promise to veterans announcing guaranteed interviews for government jobs06/02/2020 10:10:10
Military veterans are to be guaranteed interviews for civil service jobs.
Reducing size of government estate secures more than £2bn05/02/2020 14:33:00
Work to reduce the size of the government estate has freed up land for development and secured more than £2bn.
Government spending with small businesses is up by almost £2 billion30/01/2020 09:25:00
An increase in the amount of money the government spends with small businesses has been welcomed by politicians and business leaders.
New guide helps find and classify geospatial datasets across search engines29/01/2020 09:25:00
The Geospatial Commission and its six partner bodies have published a guide to make it easier to find and classify geospatial datasets across all search engines.
Government fulfils promise to veterans with new railcard23/01/2020 10:17:00
Military veterans to get cut-price train travel to help boost job prospects and bring them closer to family and friends.