Discover and read the best of Twitter Threads about #TaxUnregistered
Most recents (16)
1/ BREAKING: Government publish response to partial retirement & CPI disconnect consultation
gov.uk/government/con…
gov.uk/government/con…
2/ Its *EXTREMELY* dissapointing they have ignored feedback on #FixNegativePIAs
It's completely untrue to say the member "has not had a reduction in pension benefits"
If pensionable pay falls *relative* to inflation, that exactly what you have had #pensiontheft
& they know it
It's completely untrue to say the member "has not had a reduction in pension benefits"
If pensionable pay falls *relative* to inflation, that exactly what you have had #pensiontheft
& they know it
3/ Its incredibly misleading to suggest if pay rises, so does pension "as long as there had been increase in pensionable pay".
Everybody knows (incl. government officials I've met) that the intention of the Finance Act is to measure growth *above inflation*, so 👇REMAINS untrue
Everybody knows (incl. government officials I've met) that the intention of the Finance Act is to measure growth *above inflation*, so 👇REMAINS untrue
1/ Thank you very much once again for bringing up pensions @MartynDaySNP yesterday at @CommonsHealth to @SteveBarclay
Some important answers in there (& some factually incorrect ones) so lets break them down, as its very important & shows govmnt (misguided) thinking
👀&RT
Some important answers in there (& some factually incorrect ones) so lets break them down, as its very important & shows govmnt (misguided) thinking
👀&RT
2/ The SOS claims "there's something that was started in Covid, the ability of people to, to return to the workforce whilst continuing to top up their pension" - this is not correct.
3/ That was about "abatement" which only affects a tiny proportion of the workforce (for doctors thats only mental health officers, a *tiny* proportion of all doctors).
1/ This is a *really* important thread🧵 re current pensions consultation. I need you to take time to read it properly & watch the 2 videos / modelling done with @gdcuk
They are trying to steal your pension, whilst pretending they are fixing a problem. Read, 👀 2 videos & RT
They are trying to steal your pension, whilst pretending they are fixing a problem. Read, 👀 2 videos & RT
2/ Ive been tweeting for some some time now about the *huge* problems created for NHS pension by high inflation & the interaction with something called #CPIdisconnect & #FixNegativePIAs
3/ Ive always been clear that we need to #FixTheFinanceAct specifically in relation to CPI disconnect (Section 235)
1/ BREAKING: As reported overnight in @thetimes there is a new consultation out later today
google.com/url?rct=j&sa=t…
A short 🧵 in some of the detail
TLDR: Some helpful bits, but too litttle, too late with NOTHING for AA/LTA
google.com/url?rct=j&sa=t…
A short 🧵 in some of the detail
TLDR: Some helpful bits, but too litttle, too late with NOTHING for AA/LTA
2/ The consultation is expected to be published later this morning
Heres a snapshot of what it covers (and what it doesnt)
Heres a snapshot of what it covers (and what it doesnt)
3/ The main areas cover 3 main areas
- Some pension flexibilities around retirement only
- Some changes (not enough) to deal with inflation
- minor access changes to PCNs
- Some pension flexibilities around retirement only
- Some changes (not enough) to deal with inflation
- minor access changes to PCNs
THOUGHT FOR DAY: In 2021 LTA@£1.073m = public sector pension of £46,657 before breaching
With inflation 10.1% '22, 7.9% '23 LTA should be £1.423m buying same pension of 46.7k
Instead LTA will by 27/28 be real terms £818k = pension just £35.6k!
RT if you agree➡️NHS collapse 📉
With inflation 10.1% '22, 7.9% '23 LTA should be £1.423m buying same pension of 46.7k
Instead LTA will by 27/28 be real terms £818k = pension just £35.6k!
RT if you agree➡️NHS collapse 📉
2/ 🧵This is based on the story in the @Telegraph. Another great quote from Baroness @rosaltmann “People in the NHS and other parts of the public sector will increasingly be pushing to retire early, rather than working longer as we need them to."
3/ Baroness @rosaltmann (former @Conservatives Pension Minister) continues
"This is because tax rules that were supposed to be an advantage in the workplace have become a punishment in the workplace. These are the economics of crazy house."
"This is because tax rules that were supposed to be an advantage in the workplace have become a punishment in the workplace. These are the economics of crazy house."
1/ Interesting Comments from NHS CEOs:
One CEO described current rates being paid as "mixed". Massive understatement - we found huge variation of rates being paid including different rates for the same type of work in the same trust and even the same operating theatre #notfair
One CEO described current rates being paid as "mixed". Massive understatement - we found huge variation of rates being paid including different rates for the same type of work in the same trust and even the same operating theatre #notfair
2/ Another CEO said "the optics are poor - people asking for many multiples of their hourly rate when others are doing for time and a half or double time".
Doctors already work incredibly long hours including regular overtime (at standard contract rates) and unpaid overtime....
Doctors already work incredibly long hours including regular overtime (at standard contract rates) and unpaid overtime....
3/ Consultants will continue to do this but it is perfectly reasonable to be paid higher rates when being asked to give up what little is left of your free time to do EXTRA WORK. And whilst the rates received by the doctor are higher the total employer cost is not that different
1/ A thread about annual allowance in 21/22👇 [+ new free tool]
Many will have received a nasty brown envelope from @nhs_pensions this week. If you have (and even if you haven't) you may need to take action. Pay attention and share (please RT) with colleagues who may need this!
Many will have received a nasty brown envelope from @nhs_pensions this week. If you have (and even if you haven't) you may need to take action. Pay attention and share (please RT) with colleagues who may need this!
2/ OK if you already have statements for 21/22 (& if you are member of two schemes i.e. 1995 & 2015 you need TWO statements) you can miss this step.
But if you are a high earner (say >£90k) & you haven't, request one today (it can take 3 months)
bit.ly/TGPSSRequest22
But if you are a high earner (say >£90k) & you haven't, request one today (it can take 3 months)
bit.ly/TGPSSRequest22
3/ Next you need to establish if you have an AA liability in 21/22. To do that you can use the free HMRC calculator. Its not that straightforward, but I would *strongly* advise to do your own calculations, even if you have an accountant/advisor.
1/ Some useful 🧵s /tools on NHS pension scheme, pension taxation, & why its *still* a car crash for NHS (retention). #TaperTweakDidntWork
For me this has always been about two simple themes- patient safety & survival of the NHS
HOW IT STARTED ('19) HOW ITS GOING ('22)
For me this has always been about two simple themes- patient safety & survival of the NHS
HOW IT STARTED ('19) HOW ITS GOING ('22)
2/ I've redone this 🧵 as a compendium of some of the more important /educative/impactful tweets/threads🧵& tools I've done over the last 18 months or so they are all in 1 place. For some, they are done annually each tax year. Here goes- enjoy I hope you find it useful
3/ Useful tools pension/tax 🧵👇
1️⃣ bit.ly/McCloudCalc
🆓McCloud🛠️(most NHS staff)
2️⃣ bma.org.uk/doesntpaytostay
🆓Peri-retirement🛠️(hos👨⚕️) #DoesntPayToStay
3️⃣ bma.org.uk/pay-and-contra…
🆓AA🛠️(GP) 22/23 #CPIdisconnect
4️⃣ modelyourpension.com
Full pension/AA/LTA🛠️(hos👨⚕️)
1️⃣ bit.ly/McCloudCalc
🆓McCloud🛠️(most NHS staff)
2️⃣ bma.org.uk/doesntpaytostay
🆓Peri-retirement🛠️(hos👨⚕️) #DoesntPayToStay
3️⃣ bma.org.uk/pay-and-contra…
🆓AA🛠️(GP) 22/23 #CPIdisconnect
4️⃣ modelyourpension.com
Full pension/AA/LTA🛠️(hos👨⚕️)
1/ As one of the leading experts on pension taxation in NHS I've personally reached out to @trussliz @RishiSunak with my thoughts on this existential threat to the NHS & solutions
If you want #TalkToTony I'd be happy to explain this complex issue.
Read 👇& RT if you agree
If you want #TalkToTony I'd be happy to explain this complex issue.
Read 👇& RT if you agree
2/ I start by explaining in detail how about tax relief in the NHS is *not* the same as the private sector, nor is it the same as other public sector schemes
3/ Much of the general problem has been explained many times, including in the recent excellent @CommonsHealth report that correctly concluded that "It is a NATIONAL SCANDAL that senior doctors are being forced to reduce their working contribution"
1/ Pleasing to wake up this morning to news that - FINALLY - were hearing about the NHS in the leadership contest for our next PM. Similarly pleasing to see the word crisis. As for the NHS, crisis is very much where we are. Some tips @RishiSunak
Pls RT
bbc.co.uk/news/uk-politi…
Pls RT
bbc.co.uk/news/uk-politi…
2/ Lets look in a bit more detail. "From day one of being in office I'm going to put us on a crisis footing." - OK as above - this is a welcome step. Snr NHS leaders have been reluctant to use the word "crisis" when asked in recent weeks by @Jeremy_Hunt
3/ Now onto the detail. @RishiSunak "promise to accelerate NHS targets to cut waiting lists". Great, but the problem is not a lack of targets. We have targets we are not acheiving. These are predicted to get *very* much worse, perhaps reaching 14.6m👇
1/26 V Important 🧵 on this weeks debate in the House of Commons tabled by @DrDanPoulter
Highlights & my analysis. Pls read to end & share/RT👇. Vital we resolve this to fix *retention* & backlog
Part 1/2 - Dr Poulter (Pt 2/2 Minister response soon)
Highlights & my analysis. Pls read to end & share/RT👇. Vital we resolve this to fix *retention* & backlog
Part 1/2 - Dr Poulter (Pt 2/2 Minister response soon)
2/26 Really important points from @Dr_PhilippaW
1️⃣ vital issue needing 4 nation solutions @BMACymru @BMAScotland @BMA_NI
2️⃣AA is the wrong tax for the wrong group of people & its destroying the NHS
1️⃣ vital issue needing 4 nation solutions @BMACymru @BMAScotland @BMA_NI
2️⃣AA is the wrong tax for the wrong group of people & its destroying the NHS
3/26 A further intervention from Northern Ireland's @JimShannonMP again pointing out the 4 nation problem and large rise in retirements in the NHS since April (my prediction - unless this fixed very urgently, retirements will increase +++ in 22/23)
1/32 An important🧵 summing up some new worrying information & terrifying predictions, & how to reverse these concerning trends -gvmnt needs to finally take head out of the sand regarding pensions taxation (& and how *you* can help). Pls read to end & share/RT.
2/32 So contrary to the Conservative manifesto pledge of 6,000 more
family doctors by 2024, @thetimes reported yesterday now 27,627 fully qualified full-time GPs in England, down from >28,000 this time last year & almost 2,000 fewer than in 2015.
thetimes.co.uk/article/doctor….
family doctors by 2024, @thetimes reported yesterday now 27,627 fully qualified full-time GPs in England, down from >28,000 this time last year & almost 2,000 fewer than in 2015.
thetimes.co.uk/article/doctor….
3/32 But what the Times article fails to do is dive into the reasons WHY GP numbers are dropping (probably because they are too focussed on obsessing on drop in %age of face to face appointments). But very clear fewer GPs on ground delivering highest activity EVER.
1/18 Really important report by @dnepo @aneelbhangu out this morning as reported by @ShaunLintern in yesterdays @thesundaytimes
Grateful to have received an early copy for comment &here are some thoughts in a short 🧵
Grateful to have received an early copy for comment &here are some thoughts in a short 🧵
2/18 Firstly this is NOT and never was a "COVID" backlog. As I have repeatedly pointed out the backlog has building over a decade, only worsened by but not caused by COVID.
A key part of that has been - as acknowledged by the authors - the interaction with pension taxation
A key part of that has been - as acknowledged by the authors - the interaction with pension taxation
3/18 BUT the problem is not limited to consultants "not taking additional work" - far from it. That particular problem, largely driven by the tapered AA was/is real, but a much bigger threat is reduction in activity (from reduced sessions) and loss of activity by early retirement
1/ Grateful for @imogent_ @thetimes covering the @BMA_Pensions GP CPI calculator in ST
See the problem for yourself by accessing free BMA tool at 👇
bit.ly/CPIPensionDisa…
A financial advisor said "Doctors worry
about the tax bills in their pension. It has been part
of every
See the problem for yourself by accessing free BMA tool at 👇
bit.ly/CPIPensionDisa…
A financial advisor said "Doctors worry
about the tax bills in their pension. It has been part
of every
2/ conversation I’ve had with a doctor for
three to four years but now it is really front and
centre. This problem for the doctors is having an
immediate knock-on effect on waiting lists."
three to four years but now it is really front and
centre. This problem for the doctors is having an
immediate knock-on effect on waiting lists."
3/ The key problem is due to the rate of increase of inflation which is unprecendented
1/44 A really important long read🧵 updating on June @CommonsHealth. Pls read *all* carefully/share/watch clips & share/RT. Some really important updates including very grateful for SOS @sajidjavid showing central support for ♻️
2/44 🧵 on June 2nd @CommonsHealth- important updates following further superb questioning by GP/MP @drlukeevans @Jeremy_Hunt
1️⃣Taper tweak-why it didn’t fix the problem
2️⃣Tax unregistered why it will work (& “flexibility” won’t work)
3️⃣@sajidjavidgives green light to recycling
1️⃣Taper tweak-why it didn’t fix the problem
2️⃣Tax unregistered why it will work (& “flexibility” won’t work)
3️⃣@sajidjavidgives green light to recycling
3/44 Please take time to watch the clips / read the transcripts. Some important info in here, and for what its worth, some analysis from me!
So lets start with
1️⃣Taper tweak-why it didn’t fix the problem
Watch the video and I'll explain my thoughts
So lets start with
1️⃣Taper tweak-why it didn’t fix the problem
Watch the video and I'll explain my thoughts
1/46 If you are a doctor this may have landed on your mat. Some more info for GPs, consultants & some crucial new info following @CommonsHealth this week. Sorry its long read🧵 Pls read all carefully/share. Needs fixing, by government NOW. What will, & importantly WONT work.
2/46 The full online @bmj_latest @ingridtorjesen
article is here 👇which has more important info. I would suggest reading the full version
bmj.com/content/377/bm…
article is here 👇which has more important info. I would suggest reading the full version
bmj.com/content/377/bm…
3/46 The full article contained a subtle but important error (caused by the editing process of a long & complex subject, but removal of two crucial words completely changed the meaning!) so please read alongside this rapid response which I thought needed urgent correction
