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Following the release of the budget statement and the global challenges faced by the coronavirus pandemic, Paul Gordon, MacArthur Gordon Medical Specialist Financial Planner, re-joins Ben to talk through the changes and implications for the GP pension pot.

Introductions (0:20)

What has changed since January? (0:45)

The details of the changes (1:25)

The annual allowance issue (3:57)

Checking the status of the annual allowance (5:17)

Scheme Pays option (6:38)

Balancing pensions growth against workload demand (7:56)

If my income is unchanged, am I exempt from tax penalties? (10:02)

The challenge of monitoring in-year growth (11:41)

Advice for those considering retirement (14:08)

Information for employers (16:30)

The Covid-19 effect (17:28)

NHS v private pensions schemes (18:52)

What else should I be aware of right now? (19:45)

For access to an up to date pension statement: https://www.totalrewardstatements.nhs.uk/

To request annual allowance growth figures, call the Pensions Agency on 01253 774774

Scheme Pays Election form available here