Is our archaic system of tax allowances a disincentive to older skilled and professional workers returning to work?
Today's article in The Telegraph consider this question.
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Strategy | Proposition Development | Workplace Wealth | Business Development| Customer Experience | Platform Design | Digital Transformation
2 年MPAA? So what about people that started to draw pension on back of pandemic...pension value drops....thanks Liz....come back to work to find only ￡4k pa not ￡40k. Why?
Connecting payroll and pensions
2 年I suspect non financial aspects more significant eg flexible working, fully resourced teams so less stress etc. AA/LTA have many faults but affect a tiny number of people and if you’ve stopped work as at LTA, probably paid off mortgage, you don’t “need” to work for ￡. Probably politically impossible too. Will be met with line of “gov won’t find inflation pay rise for nurses but giving more tax cuts to millionaires”…
Employee Benefits Consultancy Manager at Grant Thornton UK LLP, supporting employers & employees to understand workplace pension schemes and associated benefits.
2 年If I had worked as a consultant in the NHS or the teaching profession and I had some ￡1M in my pension pot then this is a disincentive to carry on working regardless to the valuable skills and knowledge that I have to give back to the community at large. Unfortunately, many people think about themselves instead of giving something back to their communities.