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You’ve worked hard for most of your adult life, you likely have a mortgage to pay off and a family to provide for… always someone other than yourself to think about and care for. So you may be looking forward to retirement, towards a bit of ‘you time’, but when exactly should that time begin?

Only a few short weeks ago, the Department of Health and Social Care released a consultation document with their proposed changes to the NHS Pension Scheme. This has already become old news when a few days ago the Government announced a new consultation which promises even greater flexibility.

What are your plans for retirement? Travelling to see the world or visit family and friends? Taking up new hobbies or reigniting interest in old ones? Have plans to learn new skills? Whatever you’ve set your heart on, you’ll need a solid financial plan in place that will help get you where you want to […]

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.

Everyone in the working world is labouring toward a common goal: retirement. But not everyone is equally prepared financially to stop working. Some are relying solely on pensions while others are banking on property. The good news is there’s a way to supercharge your retirement savings so you can relax and spending time with your […]

Even though financial advisors have been vocal about the complexity of the tapered annual allowance calculations, it seems that HM Revenue and Customs cannot understand why taxpayers are confused regarding the rules and regulations surrounding the legislation.

The end of the month – 31st July – marks an important deadline for many NHS pension holders, especially those that have been affected by the tapered annual allowance limitations that recently came into effect.

Nearly three-quarters (73%) of financial advisors have reported to Prudential Research firm that their clients have been impacted by the introduction of the tapered annual allowance. In fact, in the first year it was introduced, reports of annual allowance breaches doubled – that’s a lot of people who could have benefitted from a little help.

One of the unintended consequences of the introduction of the tapered annual allowance is that high-earning dental and medical professionals have been reducing their hours (and some even cutting down their work to part-time) in order to avoid hefty tax bills.

The tapered annual allowance has become such an issue with dental and medical professionals since its introduction in 2016 that the British Medical Association has approached NHS employers with the ask that they propose new solutions to the pension issues their members are facing and put forth a reform of the current pension tax laws.