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