Not much sympathy from Phil H (the other one) for doctors with unexpected and often huge pension tax bills. His solution is to tinker around with the NHS Pension Scheme. Not I would guess, to make it in any way better; more likely he’ll cap doctors’ benefits, reduce their pensions and therefore the tax they have to pay. As always, our Lords and Masters giveth with one hand…
“Why most won’t need to worry about IHT on pensions”
Many a government has made the point that only a minority will be affected by this or that tax change or tinker. It is, however, both perception and aspiration which are important, and they are what makes IHT the ‘most hated’ of all taxes – along with all the others, of course.
