The pension annual allowance for NHS workers can be complicated to calculate. As we know, pensions are not always the easiest to understand, and legislation seems to be adamant to make it even more confusing, and the recent overview regarding the Annual Allowance Compensation Scheme didn’t help at all. This is partly to a good understanding of what an annual allowance is and how it is established.
We have a special guide for NHS workers, read our article here: NHS pension annual allowance
The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief is generally dependent on individual circumstances.
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