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Posts Tagged ‘tapered annual allowance’


What the new Tapering Means for NHS Pension Holders (in Practical Terms)


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.




March Budget – Key Points for Doctors and Dentists


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.




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.




5 Retirement Rules You Should Be Living By in 2020 and Beyond


There are several ways you can ensure you have a financially stable retirement. Most plan to prepare with a mix of pension, investments, savings, and state support. Of course, the sooner you start, the better off you’ll be, so here are some retirement rules you should be following this year, and every year until retirement.




Top 5 Questions Doctors are Asking Us about the Annual Allowance Issue


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.




Delaying Retirement – What Are The Benefits?


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?




Further Flexibility For NHS Pension Holders Announced By Government


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.




TAX TIP TUESDAY: Just One Week Until NHS Scheme Pays Deadline


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.




HMRC Failing to See Taxpayer Confusion about Pension Allowance


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.




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