Q. I wanted to know if tax relief is available when additional pension is bought from the NHS scheme as it is when putting money into a personal pension.
I have a children only dental contract and do not make the same contributions as I did when I fully worked as an NHS dentist. I am not a fan of pensions schemes but can see the benefit of using the tax allowances.
So if I were to contribute more to the NHS scheme would there be similar tax treatment could my personal tax bill be reduced by contributing) or does it only apply to personal pension schemes?
A. Tax relief is available on any registered pension scheme, which the NHS is. As you say, whether you should contribute more into pensions is another matter. You’ll also need to check with the NHS how much you are allowed to contribute, seeing as you have a kids only contract.
I hope this helps!
