UK pension threshold increase may persuade consultants to stay in NHS

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HM Treasury London Credit: Carlos Delgado CC

THE UK Treasury is preparing to give tax relief to those earning more than £110,000 (€120,000) in order to try to stem the early retirement of senior doctors and consultants in the NHS.

It is suspected that the threshold will be increased to £150,000 (€165,000) as this would help the majority of senior doctors.

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It will also benefit other high income earners but the main problem that the Treasury is trying to fix is the decision by many doctors to either retire early or work part time to reduce taxation.




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