Impartial Financial Planners | IFA | Fee Based | Dentists | Doctors
Providing fee based impartial financial planning services, serving dentists & medics throughout the UK
Q. I am a retired dentist living in France. Owing to the decline in the value of the £ against the Euro my pension is severely devalued. What can I do about this? A. Thanks for the question. No doubt youve been racking your brain about this! Obviously, your problem is that your income is [...]
When we start working with a new client who’s, say, aged 50, its always interesting to get down to what they want to aim for in life. After all, if life is not about thoroughly enjoying doing things you love most, what is it about? So when the ‘Retirement Reality’ study from an insurance company [...]
Q. I am about to invest into a personal pension plan. I’ve heard that it may be sensible to have the plan run until my 75th birthday, even though I’d probably be taking the benefits at age 60. Can you provide some guidance? A. There are a number of Inheritance Tax issues around the deferment [...]
Q. If we were to aim for a pension of approx £15000 per year, what total pension pot + savings would we need to aim for in our pension planning at age 60? A. Thats a tough one, as it will depend upon various factors. Two of the main options to consider are annuity rates on pension [...]
Q. I am aged 64 and my wife is 57. We’ve been thinking about our retirement plans and, in particular, how much we’re entitled to from the state pension. As far as we’re aware, we have both accrued full service histories for the state pension. Can you help? A. You will be entitled to your [...]
Regular readers of our newsletter will probably recognise the words Cash Flow Forecast (Financial Map or Sat Nav), as we often refer to this when talking about how we help doctors and dentists work out: What they really want to achieve in life? What is this going to cost and when? How does this look [...]
Q. I am a female dentist working part time in a practice which is mostly private. Now in my 30s, I feel that I should get my pension planning sorted out. My children are still young, and I will be going back to work full time in 3 years. I will then earn around £80,000 [...]
This week we are discussing a scenario where an individual is about to reach 60 and are wondering whether they have to take their pensions at 60, or if they can delay this decision. And indeed, what are their overall options? Some years ago, many in the pensions world advised investors not to touch their [...]
This is part two, to read part one click on this link Annuity Alternatives If you really hate the idea of buying an annuity, there are ways of delaying purchase in the hope rates will improve or, in the event of you suffering ill health, that you will get enhanced rates later on. 1. Unsecured [...]
Whether or not you’ve reached retirement age, you’ll need to know what your options are to generate an income from the pension funds that you’ve built up. In part one (of two) of assessing your options let’s take a look at personal pension funds. The information does not apply to your NHS Pension Scheme as [...]
