GPs 'face hike in pension payments'
Doctors could end up having to make much larger pension payments during their careers, as a result of the Government 's public sector retirement reforms, it has been claimed.
Research published by the British Medical Association (BMA) suggests that GPs could still end up getting poorer retirement deals in the future despite contribution rises.
The study, which takes into account the work of actuaries, shows that by next year, doctors who are currently putting aside contributions worth 8.5 per cent of their salaries might have to pay 10.9 per cent.
In light of this, it finds that before they retire, an additional sum of £230,000 may need to be saved by GPs who are currently 25 and hope to retire at 68.
As part of the research, Lord Hutton's proposals for public sector pension reform were taken into consideration, among other factors.
Copyright © Press Association 2011