Top Tweets for #PayToWork
New video yesterday 4/10 below or via youtube covering #tapertaxhell and new tool to show how not to #PayToWork
Please watch and share/RT etc!
https://t.co/DBvAjleVdS
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https://t.co/R9E2afEUB0
1/6 Many thanks 🙏👏 to the *HUGE* response to sign ups to my future modelling work at https://t.co/Mt66LYfml8
Following a meeting with colleagues at @TheIFS its really got me thinking about the ridiculous #TaperTaxHell. More info watch the 📹 & 🧵👇
Pls RT/Shr/WhatsApp/FB etc
Almost 1 in 4 GP Partners have reduced their hours by an average of 1.7 sessions a week because of the AA taper. This is potentially 4 million lost appointments a year. No one should have to #paytowork - the Government must urgently scrap the AA taper. https://t.co/KFeQVirrqG
3/3 Lots of @BMA_Consultants @BMA_GP want to help out with the #WaitingLists but they cannot, and will not, #PayToWork 👇
RT if you want @RachelReevesMP to #ScrapTheTaper
@goldstone_tony @DanNeidle Thanks @goldstone_tony in highlighting this …senior consultants who can help tremendously in reducing the waiting lists are unable to do this due to the punitive #TaxAndTaper resulting in #PayToWork … @DanNeidle
Deffo agree on the ridiculous situation where £1 income at £100k can cost them £20k - completely stupid cliff edge causing obscene siutation where you can #PayToWork (right)
But also interested in your view on the tapered AA @DanNeidle. You can draw a similar chart (left) for a mid career consultant in the NHS, where in a year with a pay rise (correcting many years of subinflation pay awards) tipping just £1 of additional pay can cause a extra tax pill of £22,500 (and for no possible additional benefit to pension). Would love to talk you through the maths of this one day! Consultants and other high earning public sector workers affected by both these tax cliffs, and its hitting waiting list recovery hard. Doctors can't #PayToWork at either tax cliff.
Much worse than that @DrHWazir fall over cliff & can pay 1000s % tax #paytowork
"The biggest issue is the #taper .... already have high salary...So, I’ve stopped doing additional sessions. All the while, we’re chronically understaffed nationally"
Needs sorting @wesstreeting
There are 7.57 million people on NHS waiting lists.
Doctors want to work extra hrs to reduce the backlog, but are taxed up to 70pc for doing so. This means they are working more hours for less pay.
@RachelReevesMP tax rules are jeopardising NHS targets.
https://t.co/Ljrgzhx53I
So it's real. Ortho surgeon. Huge (>1yr) waiting list.
Very close to taper. Work hard seeing NHS patients Mon to Fri. Keen to operate more NHS on weekends, fix up more people!
---> Can't, as will be massively stung by AA.
@goldstone_tony
So: I'll twiddle thumbs on the w/e.
@DrHelenAnderson @alisonleary1 ‘Well, you don’t really do it for the money do you?’
Yup, heard that one a few times..
🤬 it helps to pay the bills without having to do several jobs… oh and paying for study days etc, & our registration.. #paytowork
The bottom line is that AA #Taper (& similar child care issue) dreadfully designed taxes with inbuilt #cliffedges are potent drivers to prevent some doctors being willing or able to take on work (or need to reduce current work).
RT if no-one should ever have to #PayToWork
5/ The bottom line is that AA #Taper (& child care issue) are dreadfully designed taxes with inbuilt #cliffedges that are potent drivers to prevent some doctors being willing or able to take on work (or need to reduce current work).
RT if no-one should ever have to #PayToWork
.@BenZaranko from @TheIFS described IFS chart(lt) as "bonkers". He was absolutely correct- huge disincentive to do more work / earn more
We'd love to meet up with @PJTheEconomist again to update him on pension tax again, as v similar "bonkers" position in NHS (rt) #PayToWork
This is bonkers.
The cliff edge in eligibility for free childcare means anyone who has young children and is (lucky enough to be) earning £101k is many thousands of pounds worse off than someone earning £99k. Big incentives to go part-time or ramp up salary sacrifice.
10/ Finally slightly concerning response from Treasury who proclaimed LTA was abolished to 'ensure consultants can "work the hours"'.
Maybe treasury should ask if THEY would give up their weekend to do extra lists & #PayToWork
Need to find a solution to this quickly
Pls RT!
1/ Excellent article from @journo_kituno @HSJnews @HSJEditor 👇 on "tax traps" which will once again raise concerns that doctors & other high earners in the NHS could end up #PayToWork
Pls share/RT
‘Tax traps’ warning for managers and doctors after pay rises https://t.co/zRgeawWZeU
1/ These are the simple options, for this specific consultant (everyone will be different). But yes @simonirving74 options are broadly as you say
1) Thery carry on working alt weekends & pay extra £22.5k AA tax maintaining pre-tax income but £10k worse off overall #PayToWork
@goldstone_tony @jamesmurray_ldn @wesstreeting So am I right in thinking there are only really 3 options in this scenario…
1) Pay the tax bill out of salary and be worse off now
2) Pay the tax bill via scheme pays, for reduced pension in the future
3) Do no extra work and maintain pay for now and pension in the future?
🤯🤯
Getting lots of private comments like the one below (with permission)
This from a cancer radiologist having to stop extra waiting list work "immediately" to not end up #PayToWork
As this cancer specialist says "poor patients"
This is urgent @wesstreeting @jamesmurray_ldn
1/ 🚨IMPORTANT: We need to meet again @jamesmurray_ldn @wesstreeting to talk about pension tax. Houston, we have a big problem #PayingToWork #TaperTaxHell
James & Wes would like to talk you through this REAL case study (shared with permission) 👇[& others]
Please share/RT
11/ As I said we need to meet again urgently to discuss before higher earners start taking actions i.e. reduce extra work, stopping additional PAs (also non-pensionable).
Now pay awards are known, penny will start to drop. People won't, and shouldnt, #PayToWork
Please share/RT
9/ We warned of these issues when we met pre-election. We all want to reduce #WaitingLists. But noone wants to, or indeed will, #PayToWork.
@UKLabour did this 👇 to wating lists before the ill designed taper tax
We’ve just heard visitors & patients forked out a staggering £146m for hospital parking in 2022/23
Now watch this - as @RishiSunak listens on Boris Johnson tell MP’s
“We’ve ensured there will be FREE hospital car parking for EVERYBODY who attends a hospital”
What happened?
@VitalVegas @sweatytestes I think this #paytowork started with extras that wanted to be a part of the Bourne Film we shot here. Again, I worked it for pay. I don’t understand the mentality of paying to be a part of someone else’s fame, party, game, but then I also never understood collecting autographs …
🚨[ACTION] ✍️ For those unfamiliar with grad worker efforts here at @ualbany, we've been battling @HavidanUAlbany to #AbolishFees. We consider this #WageTheft & demand they end this #PayToWork scheme. Will you join our campaign & SIGN THIS PETITION? https://t.co/xRpySNoky8
![UAlbanyGSEU's tweet photo. 🚨[ACTION] ✍️ For those unfamiliar with grad worker efforts here at @ualbany, we've been battling @HavidanUAlbany to #AbolishFees. We consider this #WageTheft & demand they end this #PayToWork scheme. Will you join our campaign & SIGN THIS PETITION? https://t.co/xRpySNoky8 https://t.co/TIFTKkqgi7](https://pbs.twimg.com/media/FtnX0DjXgAke0wj.jpg)
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