Following the release of the budget statement and the global challenges faced by the coronavirus pandemic, Paul Gordon, MacArthur Gordon Medical Specialist Financial Planner, re-joins Ben to talk through the changes and implications for the GP pension pot.

Introductions (20 secs)

What has changed since January? (45 secs)

The details of the changes (1 min 25 secs)

The annual allowance issue (3 mins 57 secs)

Checking the status of the annual allowance (5 mins 17 secs)

Scheme Pays option (6 mins 38 secs)

Balancing pensions growth against workload demand (7 mins 56 secs)

If my income is unchanged am I exempt from tax penalties? (10 mins 2 secs)

The challenge of monitoring in-year growth (11 mins 41 secs)

Advice for those considering retirement (14 mins 8 secs)

Information for employers (16 mins 30 secs)

The Covid-19 effect (17 mins 28 secs)

NHS v private pensions schemes (18 mins 52 secs)

What else should I be aware of right now? (19 mins 45 secs)

 

For access to an up to date pension statement: https://www.totalrewardstatements.nhs.uk/

To request annual allowance growth figures, call the Pensions Agency on 01253 774774

Scheme Pays Election form available here: https://www.nhsbsa.nhs.uk/sites/default/files/2019-03/Annual%20Allowance%20Scheme%20Pays-SPE%202-20181217-%28V11%29.pdf