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Who doesn’t dream about the day they can finally retire? Many people even have a countdown to their retirement date! But a surprising number of people in the UK are woefully underprepared for their golden years. The best way to make sure you’re ready for the momentous occasion is to set up a retirement plan […]

The Lifetime Pension Allowance is the maximum amount of money you can hold in all of your pension schemes (including private and NHS pensions but excluding your State Pension) before your funds are subject to additional taxes. The current lifetime allowance is £1.03m. Starting this year, the allowance will be indexed alongside the Consumer Price […]

You’ve been diligently contributing to your pension knowing how beneficial it will be when you need to retire. But what happens when you’ve been so committed to saving, that by the time you reach retirement, your pension will hit the Lifetime Pension Allowance (LTA)? While you might think there isn’t any reason to have more […]

Imagine being able to retire and enjoy your family and hard-earned lifestyle up to three years before your mandated state pension age. If you’re an NHS doctor or dentist enrolled in the 2015 NHS pension scheme, that dream is attainable.

Every Friday we aim to post an answer to a FAQ about mortgages, tax, investments, money matters, business or retirement. You can have your say too. Send an email with your FAQ to info@dentalandmedical.com

The long-standing pay-as-you-go NHS Pension Scheme underwent reform in 2015 and part of that included a change to the way pensions for general practitioners and NHS dentists are calculated.

Every Friday we aim to post an answer to a FAQ about mortgages, tax, investments, money matters, business or retirement. You can have your say too. Send an email with your FAQ to info@dentalandmedical.com

Newly qualified doctors and dentists who have recently started their careers are reporting that they are struggling to save into a pension. It is not that they don’t recognise the importance of investing into a pension, it is that they have more pressing needs. They feel they need to focus on shorter term needs, such […]

Retirement is an exciting time. It gives you the opportunity to spend more time with your family and friends, or to tick things off your bucket list. Deciding to take retirement takes careful planning. The Pensions Freedom Act 2015, gave people greater flexibility on how they can access their pension pots. This greater flexibility also came […]

You may have been practising for a while or are newly qualified and have decided that self-employment is the best option for you. If so, you are probably trying to navigate your way through the complex UK tax system. When you become self -employed there are certain things you need to familiarise yourself with. This feature […]