Radiologist/CIO. Director Goldstone PenFinTech. Dep Chair @bma_pensions. Nat Advisor BMA on Pensions (19-24). Passionate re NHS. Thoughts mine. Tweets personal
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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!)
2/ This was the first of two videos introducing the problem via a real case study
2/ Per the chart with taxable income 242,400 after income tax, NI and AA post tax pay is around 95,056.40
2/ You'll notice when ministers are in the media, they often talk about how hard "your viewers/listeners" have been hit by inflation. But what we need to do is separate fact from fiction (aka LIES), it was 👇excellent @jburnmurdoch @FT chart that really showed this well last year 
2/ You'll notice when ministers are in the media, they often talk about how hard "your viewers/listeners" have been hit by inflation. But what we need to do is separate fact from fiction (aka LIES), it was 👇excellent @jburnmurdoch @FT chart that really showed this well last year 
2/ OK first of all, lets rewind. Pre 2008 we were all in the 1995 section. For most members that had a fixed retirement age of 60, and gave us "80ths" of final salary. Work 40 years, get 40/80ths or 1/2 of your final salary. Simple. Back in the day contributions were 5% or 6%
2/ This repesents a change from previously announced where tiers were to be uplifts of AFC awards (largest employee group). I had suggested a "double lock" of greater of CPI or announced awards, which was supported by the scheme board, but sadly rejected by government 
2/ You'll notice when ministers are in the media, they often talk about how hard "your viewers/listeners" have been hit by inflation. But what we need to do is separate fact from fiction (aka LIES), and it was 👇chart from excellent @jburnmurdoch @FT that really showed this well 
2/ You'll notice when ministers are in the media, they often talk about how hard "your viewers/listeners" have been hit by inflation. But what we need to do is separate fact from fiction (aka LIES), and it was 👇chart from excellent @jburnmurdoch @FT that really showed this well 
@SteveBarclay 2/ So lets start by rewinding to August when Mr Barclay was on @BBCr4today with @bbcnickrobinson
2/ Where members have opted out 6 months before the remedy peripod (i.e. 6/12 before 1st April 2015) to the end of the remedy period (31st March 2022) will be able to buy back lost service with a "low bar" for evidence 
2/ I suspect Mr. Barclay is being very badly advised by his advisors (or is asking the wrong questions). So lets clear a couple of points up
2/ Offering just 5% for 23/24 is an absolute disgrace compared for example to @BMAScotland who have been offered 12.4% for 23/24
2/ First of all lets rewind back a couple of months to @CommonsHealth from May of this year with @BrineMP chair of that committee disputing the 35% pay restoration figure (juniors) with the excellent @ERunswickBMA
2/ Just before inflation started to bite "junior doctors" avg gross pay were some 14.3% below CPI (government preferred measure of inflation, RPI is much worse) and consultants down 17.1% vs CPI.
2/ The most common come back when people talk about public sector pay is that "everyone has taken a hit" especially given high inflation, but as @JohnBMurdoch @FT showed very nicely in his charts, NHS workers, especially junior doctors, have fared worst of all 👇 
2/18 Firstly H/T @jburnmurdoch - the graph above was very much inspired by his excellent analysis & charts on NHS pay. This thread of his (which excluded consultants pay) is very much worth a read