AISMA response to HM Treasury pension consultation

July 17, 2020

Commenting on yesterday’s announcement by HM Treasury of a consultation to seek views on proposals relating to the 2015 public service pension scheme reforms, Deborah Wood, chairman of the Association of Independent Specialist Medical Accountants (AISMA) said: “This is a positive development for doctors who are members of the 2015 NHS Pension Scheme. It follows a Court of Appeal judgment in December 2018 which ruled that the transitional protection arrangements under the scheme for doctors closer to retirement directly discriminate against some younger pension scheme members.

“The government is seeking views on two proposals outlined in the consultation. For doctors the permutations are numerous, with consequences for revised tax calculations on pension growth. We will be responding to the consultation in due course, once our pension experts have undertaken a thorough analysis of the proposals outlined.”

The consultation closes on 11 October. Documentation can be found here:

https://www.gov.uk/government/consultations/public-service-pension-schemes-consultation-changes-to-the-transitional-arrangements-to-the-2015-schemes

Case Studies

See how we've financially improved practices

Checking the monthly payroll can counter employee fraud

View Case Study

Are you paying too much National Insurance?

View Case Study
Services

Review the services your AISMA accountant can provide

More info
  • Liz Densley
  • AISMA Secretary
  • Honey Barrett Ltd
  • 48 St Leonards Road
  • BEXHILL ON SEA
  • TN40 1JB
  • T:01424730345
  • F: 01424730330