AQW 1321/22-27 Written question to the Minister of Health

To ask the Minister of Health what action he is taking to address the impact of inflation on the tapered annual allowance concerning the pensions of medical professionals.

Asked by Andrew Muir MLA on 10 June 2022

  • Answered
  • Written
  • Priority
Tabled
10 June 2022
Answer due by
20 June 2022
Answered
14 June 20224 days after tabling
Department
Department of Health
Priority question
Yes

Answer

The current high rate of inflation is having a significant impact on all staff employed in the HSC as well as those who have now retired. The impact is also reflected across all areas of society.

Taxation is of course a reserved matter, with Annual Allowance (AA) limits set by HMT. I do however recognise the issues regarding taxation rules on pensions and am also aware that the current high rate of inflation is likely to exacerbate the issue in the near future.

Departmental officials are considering the issues associated with this together with colleagues in England, Wales and Scotland.

Official sources