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Doctors Threaten to Quit on “Unprecedented Scale” Over Labour Pensions Raid

by Will Jones
24 October 2024 8:00 PM

Doctors have warned Rachel Reeves that they will quit the profession and leave waiting lists to spiral if their pensions are raided in the Budget next week. The Telegraph has more.

In a letter to the Chancellor, the British Medical Association (BMA) said its members would be left with “little option” but to reduce their workload or retire immediately if the “wrong changes” were made.

The influential union made four demands, including increasing the amount doctors can stash away in their pensions tax-free.

It also warned the Chancellor to make the NHS exempt from any increases to National Insurance or face the closures of more GP surgeries.

Ms. Reeves is expected to have pensions firmly in her crosshairs as she seeks to raise a reported £35bn in taxes during her first Budget on October 30th. 

However, the BMA has warned her that doctors would reduce their workload or leave the profession altogether if punitive changes are made, which it says would “completely derail” the Government’s attempts to bring down record waiting lists. These changes include bringing back the lifetime allowance, introducing a flat rate of tax relief or reducing the tax-free lump sum.

In his letter to Ms. Reeves, BMA Pensions Committee Chairman Dr. Vishal Sharma also said: “After many years of doctors being left with little option but to take action, such as reducing their workload or leaving the NHS entirely, to mitigate the disproportionate impact of pension tax policy, the last thing that the NHS needs is further detrimental changes.”

Dr. Sharma also demanded that the Chancellor make changes to the annual allowance and taper rate, which would allow doctors to save more money for retirement tax-free.

Graham Crossley, NHS pension specialist at Quilter, said: “I appreciate the Government needs to come up with a fair tax policy, but consultants have been very much caught in the crosshairs of pension taxation over the past few years. £1 [of extra] income could trigger £22,500 in tax. It is as absurd as that. 

“The BMA has highlighted things that would be a problem to the workforce. You don’t want to motivate these people to retire if you want to reduce your waiting lists.” 

Just what we need: yet another excuse for the Government to exempt gold-plated public sector ‘defined benefit’ pensions while it raids the already much less generous private sector ‘defined contribution’ ones.

Worth reading in full.

Tags: DoctorsLabourNHSPensions

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7 Comments
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huxleypiggles
huxleypiggles
9 months ago

“Just what we need: yet another excuse for the Government to exempt gold-plated public sector ‘defined benefit’ pensions while it raids the already much less generous private sector ‘defined contribution’ ones.”

Which is of course exactly what will occur. Got to keep undermining morale and of course pushing the country in to bankruptcy. Well, we’re bankrupt already but…

‘Every little helps.’

12
0
Freddy Boy
Freddy Boy
9 months ago
Reply to  huxleypiggles

👍

2
0
Jimbo G
Jimbo G
9 months ago

I expect it won’t make any difference if they do. There aren’t any real ones and haven’t been any for a good while and these are inaccessible. Do any of them bother taking your anyone’s blood pressure, or weighing you or checking your height, looking down your throat or in your ear like they used to? No, not for a long time. How often do you get seen when you want or need to, let alone repeatedly by the same doctor? When did you last come away and think they care one iota? Finally, how many of us have a burning sense that they failed, en mass to speak up about the authoritarian determination to turn as many of our bodies into toxic, COVID spike protein factories come hell or high water?

10
0
CircusSpot
CircusSpot
9 months ago
Reply to  Jimbo G

Ironic that they are the same ones who had to take the jab in order to stay in their jobs and think they will still be around to get their pensions.

5
0
Freddy Boy
Freddy Boy
9 months ago
Reply to  Jimbo G

Spot on & they must know that come & get your Convid / Flu jab requests are still being sent out to us proles !

6
0
Jon Garvey
Jon Garvey
9 months ago

Whether the current medical pension scheme is right or wrong (and I’m a beneficiary who thought, when a medical school colleague of mine negotiated it, that it was absurdly generous), it was nevertheless negotiated in a free and democratic process.

If the government simply alters it by diktat, not only will doctors have just reason for protest, but all of us should recognise it as another shift towards totalitarianism.

5
0
Hester
Hester
9 months ago

Is the NHS the new version of the 1970s union barons holding the country to ransom?
sure seems like it.

11
0

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