Top NHS doctors face losing childcare benefits worth thousands of pounds as a result of June’s pay rises, according to analysis.
Doctors are receiving a 3.5 per cent headline pay rise in their June pay packets, backdated to April.
But many consultants – senior specialist doctors – risk being dragged over a pay threshold at which they lose certain benefits, unless they act.
Once a worker receives what’s known as an adjusted net income of over £100,000 for a tax year, they lose all their tax-free childcare, worth £2,000 a year, all of the 30 hours funded term-time childcare for 9-month to 3-year-old children, and half of the 30 hours for children aged between three and four.
The £100,000 threshold is calculated once pension contributions, gift aid donations, plus some other adjustments, are deducted, but also after other income, such as rental income or savings interest, is added.
