6 October 2022
If you are covering the news that the DHSC has extended the cessation of abatement rules until 31 March 2025, please see the following comment from Graham Crossley, NHS pensions expert at Quilter:
“It is pleasing to hear that the DHSC have seen sense and extended the cessation of abatement rules until 31 March 2025.
“However, while this is a good start, it provides just a small fix to one part of the major workforce retention issues caused by NHS pensions and taxation. We are still awaiting details of the short-term fix that will amend NHS regulations to purportedly fix the ‘CPI disconnect’, instead of fixing the Finance Act which could have addressed the ‘CPI disconnect’ and ‘negative growth’ for all.
“What’s more, there also remains ongoing concern as to the lack of a long-term fix, such as the BMA’s suggestion of a tax unregistered scheme for senior healthcare workers impacted by pension taxation.”
