Pension tax tinkering could benefit advisers

He said: “One issue for doctors is that if they choose to put in 0 per cent at the beginning of the year they may have to make a manual contribution later on, which is another thing doctors will have to consider.

"Therefore it is important that doctors actively seek advice however, there will be some that decide to go it alone.”

Advisers have previously shown their support for doctors' pension issues with many of them signing a petition calling on the government to abolish the tapered annual allowance.

At the time of writing, the petition had secured 16,876 signatures.

As part of the statement issued today, the government also confirmed that it will review the impact of the tapered annual allowance for public sector workers.

The petition is available on the parliament petitions website, link here.

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