The petition to scrap the tapered annual allowance will shut early due to Parliament being dissolved, meaning it will like miss its chance to be debated by MPs.
Mark Cheetham, a surgeon and care group medical director at Shrewsbury and Telford Hospital NHS Trust, launched the petition in July, calling on the government to abolish the tapered allowance.
It has reached almost 20,000 signatures from advisers, the pensions industry and doctors, towards the 100,000 needed for it to be debated in Parliament.
But it will now be closed tomorrow due to the impending General Election next month, and will not be reopened thereafter, the government stated.
The current Petitions Committee, the group of MPs who decide whether petitions are debated, won’t exist after November 6, meaning petitions that have more than 100,000 signatures can’t be scheduled for debate during this Parliament.
After the election, there will be a new Petitions Committee, which will be responsible for deciding which petitions are debated.
The tapered annual allowance was introduced in 2016 and gradually reduces the allowance for those on high incomes, meaning they are more likely to suffer a tax charge on contributions and a lifetime allowance tax charge on their benefits.
The tapered annual allowance means that for every £2 of adjusted income above £150,000 a year, £1 of annual allowance will be lost.
Concerns about doctors’ pensions hit the headlines when it emerged doctors were refusing shifts to avoid these high tax bills.
A consultation on the rules of the NHS Pension Scheme was published in September, which includes a proposal to allow members to choose a personalised pension growth level at the start of each tax year.
But the government has not put out any proposals for the tapered annual allowance to be abolished.
Sir Steve Webb, former pensions minister now director of policy at Royal London, had signed the petition along with several advisers.
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