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NHS consultants are better off working part-time under new Treasury pension rules, unions have warned.
The British Medical Association (BMA) has raised fears that the majority of senior doctors will end up opting to cut their hours or work part-time as a result.
A letter to the Chancellor warns that some consultants will see a significant drop in their pension - unless they go part-time.
The calculations by the union suggest that a senior doctor working a three and a half day week could end up with an annual pension of £65,000 - which would drop to £55,000 if they continued to work a full week.
The situation has arisen because senior consultants are being caught by cuts to annual limits on pension savings, now just £10,000 for those earning above £150,000.
https://www.telegraph.co.uk/news/20...art-time-pension-rules-not-changed-bma-warns/
The British Medical Association (BMA) has raised fears that the majority of senior doctors will end up opting to cut their hours or work part-time as a result.
A letter to the Chancellor warns that some consultants will see a significant drop in their pension - unless they go part-time.
The calculations by the union suggest that a senior doctor working a three and a half day week could end up with an annual pension of £65,000 - which would drop to £55,000 if they continued to work a full week.
The situation has arisen because senior consultants are being caught by cuts to annual limits on pension savings, now just £10,000 for those earning above £150,000.
https://www.telegraph.co.uk/news/20...art-time-pension-rules-not-changed-bma-warns/