NHS pension crisis won’t be solved by tinkering with the taper rules
NHS pension crisis won’t be resolved by raising Tapered Annual Allowance threshold. Senior staff need certainty that their pension ‘benefits’ do not become a costly penalty for extra work. Government must abolish unworkable taper rules, not just tweak them. I have suggested my own 10-point action plan for addressing the crisis. It is of course reasonable for the Government to look to control the costs of tax incentives: The TAA was originally announced as reducing the £40,000 annual contributions…