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Posts Tagged ‘retirement’


NHS Pensions: Have You Received Your NHS Pension Statement?


If you are employed by the NHS, then you will have recently received your Pensions Savings Statement for the 2019/20 tax year. Now you might be wondering about special arrangements that apply for you in relation to your annual allowance charges. Let’s explore the options.




5 Reasons For and Against Early Retirement


Retirement is a time in life that we generally look forward to and financially plan towards, to ensure that we can enjoy it to the maximum. Early retirement is a common financial goal for doctors and dentists – but it isn’t for everyone. Here are five reasons for and against early retirement.




Tax Windfall and GP Partner Cost Increase with NHS Pension Changes


With the 2015 NHS Pension scheme, doctors under the age of 50 were denied benefits offered to those closer to retirement age. Last year, the Supreme Court ruled that these changes to some public sector pension plans were unlawful and now the government is working on ways to resolve the discrimination created from the changes.




The End of the Triple Lock Pension, Perhaps?


Pension triple lock guarantees generous state pension increases – keeping the rate consistent with whichever is the highest — inflation or average earnings growth, or 2.5%. In effect for nearly a decade, these increases might be on the way out after the government realises the full impact of the fallout from coronavirus.




NHS Pension Scheme – Annual Allowance and Covid-19


After doctors left the NHS Pension Scheme in droves due to the tapered allowance rules, many are returning following changes instituted because of COVID-19.




The Financial Journey of a Medical Professional – from Graduation to Retirement


From graduation to retirement, your financial situation will continually evolve. Whether you’re focused on reducing debt, saving for a home, or maybe even building an investment portfolio, your priorities fresh out of university won’t be the same as when you’re an established professional with years of experience under your belt.




How Does the COVID-19 Pandemic Affect Your Retirement Plan?


Experts are predicting that we’ll be feeling the economic impact of the coronavirus outbreak for years to come. In particular, those in their prime working years with pensions invested in the stock market will feel their retirement plans greatly affected.




Will the Budget Bring Good News for the NHS Pension Crisis?


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 […]




Maximising your ISA and Pension Allowances – Time is Ticking


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.




Financially Assisting Your Children to Leave Home in 2020


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 […]




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