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GPs take 24-hour retirement

15th February 2011

The cutbacks to tax relief on pensions planned for April 2011 has caused many GPs to take 24-hour retirement, according to Pulse.

Accountants have reported an upsurge in the number of GPs taking the option of this type of retirement, which allows them to access their pension and then return to work. Rosemary Smith, senior partner at RS Medical Accountancy, said: "At the moment there is a fear of the unknown amid GPs. I’ve had a lot of people wanting to look at their situation with regards to their pension."

 

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