"Today the BMA have made it clear they do not want any half attempts when it comes to fixing the NHS pension scheme. The only option in their eyes to remove the annual allowance as one third of consultants were impacted by the tax last year and that continues to grow. In fact that number might jump substantially as doctors see payout from the results of the court case surrounding the 2015 pension schemes, which the Department for Health has conceded discriminated against doctors based on age.
"It is clear the annual allowance is not fit for use. In fact the creation of the disastrous tapered annual allowance was meant to pay for the residence nil rate band, helping homeowners burdened with the threat of IHT, while maintaining pension savings incentives for all but the highest earners. That is not what has transpired. Not only have IHT receipts continued to skyrocket, but the tapered annual allowance has punished hard working doctors and other senior public services employees.
"As the election enters its final few days politicians continue their desperate attempts to win over voters by promising to fix the major problems facing the nation. The issue is these promises lack substance and we need a long-term solution. However, with the government due to pay back billions because of the 2015 pension scheme court case and call for the taper to be scrapped it will need to find some way to balance the books when it comes to public sector pensions."