Impartial Financial Planners | IFA | Fee Based | Dentists | Doctors
Providing fee based impartial financial planning services, serving dentists & medics throughout the UK
If you have monies in pensions other than the NHS Pension Scheme, such as personal pensions, one day you will have to decide what to do with the funds in order to draw an income. Major pension changes were implemented on 6 April 2011, with one of these being the new ‘flexible drawdown’ facility, which [...]
Q. It seems that NHS / Private dentists can easily fall foul of the new annual pension allowance. It is interesting to know that if the £50,000 annual limit is breached we can use up unused allowance from the previous 3 years. In the light of this, can you please advise if we can use [...]
Recently we’ve touched on the subject of happiness, and what is needed to be happy, click here. We’ve also mentioned the fact that, generally, people can start to really think about living the life they love and want if they are financially secure, and feel in control of their lives. After all, it’s difficult to [...]
In the latest issue of our printed quarterly publication, On Track, we discuss changes in pension limits that further restrict the amounts you can shelter from tax, namely the Annual Allowance and the Lifetime Allowance. Make no mistake, these changes will hit many doctors and dentists, all of whom have been simply trying to ensure [...]
Q. I am a 58 year old Consultant with a good NHS Pension Scheme ‘pot’, and as well as this have substantial personal pension funds. My worry is hearing that the limit on how much you can have in pensions is to be reduced soon. Yet I recall that the previous limit had just been introduced in recent [...]
No doubt you are aware that more proposed changes to pensions has been announced by the Government. The good news is that the Coalition has attempted to simplify matters, which is very welcome after Labour’s legacy of the anti-forestalling legislation (how complicated does it need to be?). Let’s take a look at the main changes [...]
It is the subject that we get the most enquiries about from new clients, and the one that greatly concerns many doctors and dentists – retirement planning. To ensure we are always up to date with the latest developments, and to keep up with our CPD, we read a huge amount on this subject. Recently, [...]
Q. Whilst I already find the UK pensions system complicated enough, I’ve heard that more changes may be forthcoming! Can you enlighten me? A. You’re correct with your view of the pensions system. It is very complicated. This situation has developed over many years and wasn’t helped by the last Government introducing the anti-forestalling legislation for higher [...]
Q. I know that there is going to be a review of all public sector pensions, including the NHS scheme that I am a member of, but have I heard it right that the government have already announced that any pension inflation increases are going to be linked to a different index than the Retail [...]
Q. I have 2 personal pension plans and am thinking of taking the benefits from these in the near future. I’m 52 now and have read that the age that I can use the proceeds from these plans will change in April 2010. Can you tell me more? A. Yes, you’re right, the rules will [...]
