GPs need independent advice on pension changes, GPC says

GPs should seek independent financial advice to find out how changes to pension tax will affect them, the GPC has advised.

GPC chairman Dr Laurence Buckman warned that for some GPs the amount of tax they will now pay on their pension could be very high.

Dr Buckman said this particularly would be the case if a GPs moved from part time to full time in the last year. He said highest earning GPs will also be the hardest hit.

'The rules have changed this April, he said. 'GPs, even younger GPs, should get independent financial advice to see how the changes affect them.

'It's possible that the tax paid on pension could be very high for the unlucky few.'

GP reported this week that pension and tax reforms could cut some GPs' pay by up to 30%.

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