GPs could get more generous pensions to stop so many leaving the NHS

Mail Online | 1/11/2019 | Sam Blanchard Health Reporter For Mailonline
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The NHS will not hit its target of hiring thousands of extra GPs next year, the Health Secretary has admitted.

Matt Hancock said the Government's pledge to employ 5,000 extra family doctors by 2020 could take five more years.

Interview - GPs - Pensions - Bid - Health

In the same interview, he said GPs could receive more generous pensions in a bid to stop them leaving the health service early.

GPs currently have to pay tax on any pension savings above £1million but this law could be relaxed to encourage them to work into their 60s.

Mr - Hancock - Plans - Doctors - Pension

Mr Hancock revealed plans to increase doctors' pension cap and the recruitment delay in an interview with specialist GP magazine Pulse.

'Hard-working GPs – and doctors of all kinds – have been unfairly hit in recent years by complex regulations and tax changes impacting their pensions,' he said.

Mr - Hancock - Health - Social - Care

Mr Hancock, made Health and Social Care Secretary in July last year, added 'many are inadvertently facing huge bills at the end of the year'.

He said: 'At a time of plummeting morale across the profession, and amid a deepening recruitment and retention crisis – particularly in general practice – such charges make taking on extra work, or even continuing to work full-time, an extremely unattractive prospect.

Number - Doctors - Medics - Years - Experience

'A growing number of doctors, and not just older medics with years of experience under their belts, are effectively being penalised for working hard.'

Loosening the regulations on doctors' pensions could allow them to save more than £1million tax-free for their retirement.

Cap - £1

The cap was lowered from £1.25million in 2016, but there...
(Excerpt) Read more at: Mail Online
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