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The NHS Pension Scheme has 1.7 million members actively contributing, 713,000 deferred members and 1 million pensioners receiving benefits. [ 3 ] The benefits and conditions vary according to the type of worker and the dates of their service.
Some 44% of hospital doctors have said they plan to step away from NHS work in the next year. ... The BMA survey of almost 8,000 consultants suggested pay and pension tax arrangements were some of ...
David Robbins, director of WTW, told The Financial Times the calculated tax saving for someone with £1.4mn of pension savings would be "less than one-third as big" as Labour had forecast. [25] [26] The policy was welcomed by the British Medical Association, who described it as "potentially transformative for the NHS". [27]
The Work and Pensions Secretary warned the benefits bill for sickness and disability is set to rise by £26 billion by the end of this parliament. Those who can work, must work, says Kendall in ...
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A 10.1% rise in state pension, means tested benefit and disability benefit payments, increasing them in line with inflation [18] The triple lock for calculating the basic state pension is retained [15] A change in the threshold for the 45% tax rate, which will be paid on earnings over £125,140 rather than £150,000 (excludes Scotland) [18]
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The Great Britain NIF had a surplus of over £34 billion as at 2005/06, £38 billion in 2006/07 and the Government Actuary's Department forecast that this surplus would grow to over £114.7 billion by 2012. [5] This surplus figure was revised due to errors in assumptions by the GAD and was forecast to be just £30 billion by 2016.