Doctors urged to check their tax status after CEA announcement

Being awarded a new national Clinical Excellence Award (CEA) can have tax implications.

As a CEA boosts pensionable pay, award holders may find that they breach the yearly pension savings limit known as the annual allowance. The standard rate is currently set at £40,000 but the ‘tapered’ version of the allowance reduces this limit to as low as £4,000 per year for high-earning doctors.