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Posts Tagged ‘pension planning’


Reminder: 31 July Deadline for NHS Pension Holders


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.




Nine out of Ten Doctors Who Breached Pension Allowance Are Receiving Professional Help


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.




Stop Saving and Start Investing If You Want a 750k Retirement Fund


People often refer to saving as investing in the future, but it’s important to understand the distinction between these two terms since at their core, they have very different meanings.




BMA and Doctors Work Together to Challenge Persisting Pension Problem


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.




Is There a Solution to the Tapered Allowance Headache?


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.




Add £40k a Year To Your Pension by Downsizing Your Home


People are finding more and more unconventional ways to fund their retirement. One of the more obvious answers that many are turning to is quite literally all around you – your home.




Don’t Make This Mistake if You Want to Retire Rich


Many entrepreneurs and small business owners put off saving for retirement and plan to rely on future profits from selling their business. So, they prioritise putting money back into their business over saving for their golden years. As a group, they’re more desensitised to risk than most dental and medical professionals who rely on a […]




Doctors and Dentists Using Pension to Pay Tax From Exceeding Annual Allowance


Exceeding the annual allowance has become quite the headache for many dental and medical professionals. The tapered annual allowance hits hardest individuals with high incomes – suffering annual tax charges on contributions and a lifetime tax charge on benefits.




The Magic Number for Your Retirement Plan is…


When it comes to retirement, there are many numbers to consider.  What is your magic number?




TAX TIP TUESDAY: Salary Sacrifice Remains a Winner


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.




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