The fall of the Tory party

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NickCJ in reply to @midlife

The Guardian live blog suggested that ~60% of the cost of the policy was related to senior consultants (but I haven’t seen any backup to that figure).

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dubtap in reply to @NickCJ

Staff like managers and senior nurses in Agenda for Change pay band 8 got statements last year for the first time ever that indicated they were approaching the £40k limit particularly if you had years accrued in the pre-2015 final salary scheme.
That included me and a whole tier of management so if things hadn't changed the scale of the issue would have affected exponentially more non medical staff in coming years.

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NickCJ in reply to @dubtap

Presumably higher interest rates have mitigated the issue somewhat? The same £x annual income has a much lower cost to provide these days given where annuity rates have gone.

ETA: I didn't think the £40k annual limit had changed, just the LTA?

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