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Members prior to 1 April 2015 retain rights to remain in the 1995 or 2008 section of the existing scheme for an age-dependent limited time, after which they must transition to the 2015 scheme unless they reach the normal retirement age of their old scheme first. [2] The NHS Pension Scheme has 1.7 million members actively contributing, 713,000 ...
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Chancellor Jeremy Hunt made major changes to how pension savings work when he set out his Spring Budget to MPs in parliament.. Mr Hunt increased the pensions annual tax-free allowance by 50 per ...
The 2015 scheme involves paying towards a pension which will be based on the average of a member's pensionable earnings throughout their whole career, with a revaluation of active members benefits in line with the Consumer price index plus 1.5 per cent per annum. [47] [48] The 1995/2008 scheme is closed to new entrants.
In the second half of the 20th century, there was a succession of legislative changes to protect pension scheme members, prevent abuse of the generous tax-reliefs available and prevent fraudulent activity. Some of these changes were precipitated by Robert Maxwell's plundering of the Mirror Pension Funds. [6]
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The 2022–present National Health Service (NHS) strikes are several ongoing industrial disputes in the publicly funded health services of the United Kingdom.. The disputes relate to the several staff groups on the Agenda for Change pay scale, as well as those on the junior doctor and consultant contracts; and are further divided by the devolved national NHS staff work in.
The pension tax changes were welcomed by the British Medical Association, who described it as "potentially transformative for the NHS". The BBC 's Laura Kuenssberg questioned whether some of the measures, such as the plans to increase childcare, could be achieved, and suggested the government would be "punished" if they were not.