UK pension threshold increase may persuade consultants to stay in NHS

HM Treasury London Credit: Carlos Delgado CC

THE UK Treasury is preparing to give tax relief to those earning more than £110,000 (€120,000) in order to try to stem the early retirement of senior doctors and consultants in the NHS.

It is suspected that the threshold will be increased to £150,000 (€165,000) as this would help the majority of senior doctors.

It will also benefit other high income earners but the main problem that the Treasury is trying to fix is the decision by many doctors to either retire early or work part time to reduce taxation.

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John Smith

Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica. Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene. Share your story with us by emailing [email protected], by calling +34 951 38 61 61 or by messaging our Facebook page