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One of the issues that dental and medical professionals were hoping to see addressed in the Budget 2020 announcement was the tapered annual allowance which caused an NHS pension crisis.

Leading up to the budget announcement on 11 March, speculation about what exactly would be included was rife. Now the wait is over, and the chancellor has described the budget as the “largest sustained fiscal boost for nearly 30 years”. Here are the key points for doctors and dentists.

Since its introduction in 2016, the tapered annual allowance has become a huge issue within the dental and medical industries. In order to avoid hefty tax bills and actually get a higher pension, many healthcare professionals have had to cut back on work, depriving the public of knowledgeable and experienced experts and contributing to rising […]

The end of the tax year is swiftly approaching on 5 April. With less than a month left in the 2019/20 tax year, and annual relief allowances to consider, now is the time to ensure you’re taking advantage of all possible avenues to help save on tax.

One of the benefits of being a successful dental or medical professional is being able to support your family. Nowadays, with the rise of the ‘Boomerang Generation’, parents are finding they’re supporting their children longer than they might have anticipated, well into their 20s and 30s in fact, either leaving the nest much later, or […]

Earlier this month, solicitors across the country braced themselves for ‘Divorce Day’ – the time of year that lawyers expect a higher than average number of enquiries from couples considering divorce. The financial stress of the holidays tends to strain many relationships so when people are back to reality and the working world, all that […]

Starting a pension plan isn’t easy for those who are self-employed – you’ll need to find the pension scheme yourself, you don’t have any employer contributions to boost it, and it’s difficult to stick to a regular savings plan when you might have irregular income.

Our 5-minute read – Tax Tips – for UK doctors and dentists will help you save tax, get organised with your tax affairs and make sure you meet important deadlines with ease.

Understanding the pension annual allowance and how it can affect you can be overwhelming. We regularly have doctors contacting us for help on the allowance and how it relates to the NHS pension scheme. Here, our expert answers your questions.

It may seem an odd concept if you’ve not heard of it before, but financial planning for your children through early pension savings is actually an option. Help secure your children’s future right from the very start by teaching them the value of money and how saving money is key to being financially stable in […]