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Paul Gordon, Medical Specialist Financial Planner (and pensions expert) joins Ben on this week’s podcast to give an update and an overview on the GP pension scheme as it stands; how to check on your own pension position, understanding and avoiding the financial landmines and how to access further information and support.

Which changes have caused the biggest problems? (0:52)

Impact on high earners; the tapered annual allowance (1:19)

Be aware: how much tax will I (or do I already) owe? (1:51)

Can I get ahead of the problem? (2:36)

How to get an update on my current pension position; contacts and red flags (2:54)

Options to lessen the impact of the annual allowance (6:11)

Less = more? (6:16)

The threshold income + pension growth (7:40)

What are the alternatives to cutting my hours? (9:30)

Forthcoming changes and the timeline for changes (10:22)

If I’ve incurred charges, how do I get my money back? (11:41)

How to avoid potential pension penalties (13:16)

Where can I get more information and what can I do now? (16:22)

The employer and employee conundrum (19:11)

Getting in touch (20:36)

Please find below the link Paul mentions regarding the 2019/2020 Annual Allowance Charges.

Statement from the Secretary of State on the Clinician Pension Tax Scheme   

Accessing Pension Estimates

www.totalrewardstatements.nhs.uk

Requesting Annual Allowance Growth Figures

NHSPA – 01253 774774