NHS Pension Changes
As a result of Lord Huttons report into public sector pensions, the Government has made it clear they will introduce changes to the NHS pension scheme in 2015.
The good news is that they have also made a commitment that all pension benefits earned up to that point will be protected.
The main reason for this is that people are living longer and pensions are costing more. This cost has fallen on the tax payer. In the meantime therefore there is currently a proposal to increase the member contributions from April 2012 for anyone earning over £15,000 year.
For those earning over £21,000 a year, the increase could be an additional 2.4% of superannuable earnings in 2012/2013 rising to an extra 6% in 2014/2015. This is in addition to the 6.5% or more that members are currently paying.
Time to take advice?
Call one the team on 0121 685 5060 and speak to us today.
To read more Q&As on this proposal please click here
We've also added the Consulation document for you to read here - just click the link below and then click Open.
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