WEBINAR – The 2015 Pension Scheme: explaining your age discrimination decision

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There have been many twists and turns in the path of doctors’ pensions in the last decade but one particularly surprising announcement has been the proposals to address the age discrimination deemed to have been caused by the implementation of the 2015 NHS pension scheme.

In 2018, the Court of Appeal ruled that the measures to safeguard the former pension scheme benefits of those within ten years of retirement when the 2015 scheme was launched was discriminatory to younger members who had to accept a ‘downgrade’ in pension provision.

Proposals have been drafted which give members a choice about which set of pension scheme benefits they would prefer – their previous 1995/2008 scheme benefits or the 2015 scheme benefits – for the ‘remedy period’ which is between 1 April 2015 to 31 March 2022.

A consultation into whether members would prefer to make this choice in 2022 or when they eventually take their benefits has just closed so we await a government update on the outcome.

To help explain the complex choice many doctors will face, we will be hosting two webinars on the subject on Wednesday 4th November at 1pm and 7pm.

We will discuss:

  • Your choice of ‘remedy’ benefits for the 2015 NHS Pension Scheme
  • Revised tapered rules for the annual allowance
  • The impact of the tapered annual allowance on the highest earners
  • How to incorporate personal protection
  • Tax-efficient wealth planning for retirement

If you would like to attend either of the webinars, please email David Norris david.norris@medicalfamilyfinance.co.uk

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