Reforms have reduced the amount of tax relief that some workers can claim on pensions contributions. As of 2016 people can have relief on £40,000 of contributions a year but those earning more than £150,000 have this steadily reduced to as little as £10,000. Once someone earns £110,000 their pension contributions are included as well as their salary in calculating their total income. If this combined total passes the £150,000 mark then they too would be hit by the contributions cap. NHS workers have a generous defined benefit pension rather than…

Source: The Times January 15, 2020 23:58 UTC