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Dr Tony Goldstone Profile picture
@goldstone_tony
Sep 3, 2022 β€’ 40 tweets β€’ 15 min read β€’ Read on X
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) ImageImage
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 πŸ§΅πŸ‘‡

1️⃣ bit.ly/McCloudCalc
πŸ†“McCloudπŸ› οΈ(most NHS staff)

2️⃣ bma.org.uk/doesntpaytostay
πŸ†“Peri-retirementπŸ› οΈ(hosπŸ‘¨β€βš•οΈ) #DoesntPayToStay

3️⃣ bma.org.uk/pay-and-contra…
πŸ†“AAπŸ› οΈ(GP) 22/23 #CPIdisconnect

4️⃣ modelyourpension.com
Full pension/AA/LTAπŸ› οΈ(hosπŸ‘¨β€βš•οΈ)
4/ WHEN: Saturday, October 10 2020

WHATS IT ABOUT: 19/20 AA and tools

Length (tweets): 17

Initial Reach (impressions): 209000 πŸ‘‡

5/ WHEN: Saturday, October 24 2020

WHATS IT ABOUT: Errors on AA statements - common causes

Length (tweets): 25

Initial Reach (impressions): 123000 πŸ‘‡

6/ WHEN: Monday, December 7 2020

WHATS IT ABOUT: AA compensation scheme

Length (tweets): 22

Initial Reach (impressions): 208000 πŸ‘‡

7/ WHEN: Saturday, January 2 2021

WHATS IT ABOUT: Sal sacrifice, AA & free tool

Length (tweets): 18

Initial Reach (impressions): 336000 πŸ‘‡
8/ WHEN: Saturday, February 13 2021

WHATS IT ABOUT: McCloud, pension taxation, Hutton

Length (tweets): 37

Initial Reach (impressions): 352000 πŸ‘‡
9/ WHEN: Sunday, February 28 2021

WHATS IT ABOUT: LTA freeze

Length (tweets): 1

Initial Reach (impressions): 569000 πŸ‘‡
10/ WHEN: Thursday, April 1 2021

WHATS IT ABOUT: Chancellor april fool

Length (tweets): 2

Initial Reach (impressions): 471000 πŸ‘‡
11/ WHEN: Sunday, September 26 2021

WHATS IT ABOUT: 20/21 PSS errors

Length (tweets): 8

Initial Reach (impressions): 52414 πŸ‘‡

12/ WHEN: Sunday, October 10 2021

WHATS IT ABOUT: 20/21 AA, letter templates, youtubes etc to navigate AA in 20/21 tax year

Length (tweets): 21

Initial Reach (impressions): 286000 πŸ‘‡

13/ WHEN: Saturday, November 27 2021

WHATS IT ABOUT: NHSEI Late retirement vs BMA calcs

Length (tweets): 33

Initial Reach (impressions): 265000 πŸ‘‡

14/ WHEN: Saturday, April 9 2022

WHATS IT ABOUT: BMA Late retirement launch tool

Length (tweets): 38

Initial Reach (impressions): 222000 πŸ‘‡

15/ WHEN: Thursday, May 5 2022

WHATS IT ABOUT: Late retirement NHSEI complaint

Length (tweets): 19

Initial Reach (impressions): 188000 πŸ‘‡

16/ WHEN: Wednesday, May 18 2022

WHATS IT ABOUT: CPI announcement, tool teaser

Length (tweets): 7

Initial Reach (impressions): 202000 πŸ‘‡

17/ WHEN: Saturday, May 21 2022

WHATS IT ABOUT: GP, CPI, AA, Tool

Length (tweets): 46

Initial Reach (impressions): 397000 πŸ‘‡
18/ WHEN: Wednesday, May 25 2022

WHATS IT ABOUT: Recycling

Length (tweets): 17

Initial Reach (impressions): 137000 πŸ‘‡
19/ WHEN: Saturday, May 28 2022

WHATS IT ABOUT: CPI, AA, Solutions

Length (tweets): 46

Initial Reach (impressions): 167000 πŸ‘‡

20/ WHEN: Saturday, June 18 2022

WHATS IT ABOUT: Health Select Committee, Taper, AA, Tiering, Recycling, Solutions

Length (tweets): 44

Initial Reach (impressions): 165000 πŸ‘‡

21/ WHEN: Tuesday, June 21 2022

WHATS IT ABOUT: West Streeting on GPs retention and pension taxation caps

Length (tweets): 4

Initial Reach (impressions): 112000 πŸ‘‡

22/ WHEN: Sunday, June 26 2022

WHATS IT ABOUT: ST article on GP calculator

Length (tweets): 16

Initial Reach (impressions): 72900 πŸ‘‡

23/ WHEN: Monday, June 27 2022

WHATS IT ABOUT: Feryal Clark MP question regarding CPI disconnect

Length (tweets): 21

Initial Reach (impressions): 41600 πŸ‘‡

24/ WHEN: Monday, June 27 2022

WHATS IT ABOUT: Waiting list report

Length (tweets): 18

Initial Reach (impressions): 69400 πŸ‘‡

25/ WHEN: Saturday, July 2 2022

WHATS IT ABOUT: GP numbers, Health Foundation report, Roundtable invite

Length (tweets): 32

Initial Reach (impressions): 103000 πŸ‘‡

26/ WHEN: Saturday, July 2 2022

WHATS IT ABOUT: Case study of GP - AA charge from CPI disconnect pushed them to below min. wage, retire at 55

Length (tweets): 1

Initial Reach (impressions): 334000 πŸ‘‡

27/ WHEN: Tuesday, July 5 2022

WHATS IT ABOUT: HMT response to AISMA on CPI disconnect

Length (tweets): 23

Initial Reach (impressions): 65000

28/ WHEN: Monday, July 11 2022

WHATS IT ABOUT: Arguments commonly used not to fix pension taxation, and why they are wrong

Length (tweets): 23

Initial Reach (impressions): 57k πŸ‘‡

29/ WHEN: Tuesday, July 12 2022

WHATS IT ABOUT: Luke Evans in Health Select Commitee. Mandation of recycling / compensation scheme.

Length (tweets): 6

Initial Reach (impressions): 62000 πŸ‘‡

30/ WHEN: Wednesday, July 13 2022

WHATS IT ABOUT: Royal College of Physicians call for AA compensation scheme (like 19/20) to be extended for 2-3 years

Length (tweets): 8

Initial Reach (impressions): 40000 πŸ‘‡

31/ WHEN: Sunday, July 17 2022

WHATS IT ABOUT: Thread on Dr Poulter debate in HOC - Part 1 of 2 and TG analysis

Length (tweets): 26

Initial Reach (impressions): 79000 πŸ‘‡

32/ WHEN: Wednesday, July 20 2022

WHATS IT ABOUT: Subinflationary pay awards, defects in the Finance Act & the destruction of LTA = destroy retention in the NHS. Calculator update

Length (tweets): 7

Initial Reach (impressions): 59000 πŸ‘‡

33/ WHEN: Sunday, July 24 2022

WHATS IT ABOUT: Thread on Rishi's plans to make waiting list reduction his geatest priority (& what needs to be done with pension tax)

Length (tweets): 14

Initial Reach (impressions): >80k πŸ‘‡

34/ WHEN: Monday, July 25 2022

WHATS IT ABOUT: Crucially important thread on cross party select committe on retention. Advocates govmnt mandating recycling, fixing pension taxation

Length (tweets): 30

Initial Reach (impressions): 293k

35/ WHEN: Saturday, July 30 2022

WHATS IT ABOUT: Thread on free mini McCloud calculator allowing any officer members (non GP) to understand benefits accrued to date with both McCloud options

Length (tweets): 22

Initial Reach (impressions): 110k πŸ‘‡

36/ WHEN: Sunday, July 31 2022

WHATS IT ABOUT: Rant thread covering right wing media on public sector pensions

Length (tweets): 11

Initial Reach (impressions): 35k πŸ‘‡

37/ WHEN: Tuesday, August 2 2022

WHATS IT ABOUT: Thread on why TRS statements are useless, and need updating in view of McCloud, and free tool

Length (tweets): 18

Initial Reach (impressions): 53k πŸ‘‡

38/ WHEN: Wednesday, August 3 2022

WHATS IT ABOUT: FT article covering NHS confed ask to sort out CPI disconnect issues and combine scheme grwoth, and why HMT response is nonsense

Length (tweets): 23

Initial Reach (impressions): 119k πŸ‘‡

39/ WHEN: Wednesday, August 11 2022

WHATS IT ABOUT: Thread on the governments response to a NHS doctors petition to bring in a tax unregistered scheme (like judges) & why gov response is so wrong

Length (tweets): 17

Initial Reach (impressions): 69k πŸ‘‡

40/ WHEN: Wednesday, August 21 2022

WHATS IT ABOUT: Personal letter to @trussliz @RishiSunak explaining problems, & solutions to end this crisis #FixTheFinanceAct #TaxUnregistered

Length (tweets): 6

Initial Reach (impressions): 383k πŸ‘‡

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More from @goldstone_tony

Dr Tony Goldstone Profile picture
Dec 12
1/ THOUGHT FOR THE DAY: Whilst I'm grateful for the changes to LTA/AA, the AA and the dreaded #taper still remain. And here's your regular reminder why its PARTICULARLY unfair, and stupid, in the NHS (from @BMA_Pensions @TheBMA evidence to DDRB).

Short 🧡pls read & share Image
2/ We are all in CARE now, so should all be paying generally the same employEE contributions.

But we aren't - and its worst - by a garden mile - in the NHS per this chart showing the ratio of conts from the highest earners : lowest earners in the public sector πŸ‘‡Image
3/ So unlike in the private sector where there is no difference in cost for higher vs lower owners other than tax relief, we go through this ridiculously unfair step in the NHS - far worse than anywhere in the public sector - that strips away our higher rate reliefImage
Read 5 tweets
Dr Tony Goldstone Profile picture
Dec 10
1/ very important and NEW: @nhs_pensions have overnight issues guidance on 23/24 tax year where they have failed to send you a pensions savings statement on time (which was their legal duty)

nhsbsa.nhs.uk/public-service…Image
Image
2/ the bottom line is they expect you ESTIMATE your carry forward and PIA and any charge in the normal timescale ie by Jan 31st 2025 …. Which is going to be extremely difficult ….. Image
Image
3/ after you estimate you will have until Jan 26 to correct your estimation based on the real figures Image
Image
Read 13 tweets
Dr Tony Goldstone Profile picture
Oct 30
1/ Well after intense media speculation re: budget (speculation incl. reduction of tax free lump sum to Β£100k; flat rate relief at 30 or 20%; lifetime allowance re-introduction & pension "flexibility" [i.e. balance between pay & pension] .. speculation can now END....
Pls RT 🧡 Image
2/ Its now time for @RachelReevesMP to deliver her first budget ... I'll be live tweeting anything significant with a focus on #pensions and #pensiontax (if there is indeed anything!)

So keep following! Appologies for any typos/errors read to end for any corrections & docs Image
3/ So following #PMQs there is a statement that the contents of some of the budget has been made public before the budget and expresses dissapointment that this has happened Image
Read 27 tweets
Dr Tony Goldstone Profile picture
Oct 17
1/ Longtime followers may remember this update from 4.5 years ago. Id met the then head of @nhs_pensions and the senior leadership team. They made lots of promises to improve things around Annual Allowance that BADLY needed improvement....

Pls read, share and RT
2/ Chief among those promises was to have an end to waiting till October for a PSS. Indeed no more brown envelopes. 85% of people would get their "digital brown envelope" by June (starting in 2020) πŸ‘‡

3/ And furthermore for those that dont get automatic PSS (then around 85%), 15% would be able to see in this portal, from June 2020 why they DONT have a PSS i.e. you need manual calculations, or they cant issue one as they are awaiting info from employer

Read 14 tweets
Dr Tony Goldstone Profile picture
Sep 7
1/ ICYMI Ive done a couple of videos πŸ“Ή on the tapered annual allowance - and why it could be hugely problematic for higher earners in the NHS *THIS* tax year (24/25)

Its crucial you have an understanding of chart πŸ‘‡ if you are in affected groups.

Please share πŸ‘‡/ RT & πŸ‘€πŸ“Ή Image
2/ This was the first of two videos introducing the problem via a real case study

I discuss why its crucial that @wesstreeting @jamesmurray_ldn get an urgent grip of the dreadful tax policies they inherited affecting lower and higher earning consultants

3/ In second video I discuss a case in more detail & look at some strategies to try & mitigate this nightmare tax cliff.

None are desirable & tax needs changing to remove the huge discincentives to not to extra work, or worse still, reduce current

Read 4 tweets
Dr Tony Goldstone Profile picture
Aug 20
THOUGHT FOR THE DAY: many senior doctors desperate to help waiting lists & would be willing to give up evenings/weekends to help out.

But current tax rules will mean some could end up #PayingToWork πŸ‘‡

RT if you want @wesstreeting @jamesmurray_ldn to fix this ludicrous tax trap Image
2/ Per the chart with taxable income 242,400 after income tax, NI and AA post tax pay is around 95,056.40

However the same member earning 199,999 also gets 95,083.88 post income tax, NI, and AA

Why would this member do over Β£40k extra work, and PAY TO WORK?? Image
3/ Looking at it the other way the member earning 200,001 takes home 72,584.96

But the member earning 157,500 takes home essentially the same 72,559.40

*HOW IS THIS FAIR*

[CLUE: it isnt] Image
Read 6 tweets

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