Rachael Hall (NHS Pension Specialist)
@hall_nhs
Award-Winning Financial Adviser & Coach š| Co-Founder & Director Seven Stages & Seven Medical | NHS Pensions & Retirement | Tweets are my own views not advice
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https://linktr.ee/rachaelhall7 14-03-2019 10:17:02
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Rachael Hall (NHS Pension Specialist) NHS Employers Hi Rachael, weāre contacting those members who are due to receive their benefits between now and the 6 April who we believe may be subject to a lifetime allowance charge to let them know about the changes.
Thanks, Gordon
1/9 BREAKING: Jeremy Hunt announces major changes in Budget:
1. LTA scrapped
2. AA up to Ā£60k
3. Negative growth can be offset against other scheme
4. Adjusted Income threshold increase to Ā£260k
5. Minimum tapered AA increase to Ā£10k
6. TFLS to remain based on current LTA
I am assuming everyone noticed this as havenāt seen it mentioned on here ? Graham Crossley (NHS Pension Wonk) Pen-gage Ltd Rachael Hall (NHS Pension Specialist)
I think this is a really important point and NHS Employers NHS Pensions should put out a circular to its members ASAP.
Firstly, all credit to Dave Brooks for copying this segment from his tweet!
This is a great day for pension savers although I imagine the Fixed Protection guys will feel a bit shortchanged.
Interesting to see how a capped TFC will work and what charges would apply aboveā¦