Impartial Financial Planners | IFA | Fee Based | Dentists | Doctors
Providing fee based impartial financial planning services, serving dentists & medics throughout the UK
We have been seeing a lot of enquiries from clients wanting to know if a Self Invested Personal Pension (SIPP) would be appropriate for them. Let’s look at an example to illustrate this. Let’s say you have several personal pensions, some separate share investments and an investment property. How can you use a SIPP to [...]
Q. I am a dentist and have recently incorporated after being self-employed for many years. Can you please tell me how much I am able to invest into my personal pension scheme from April 2008? I have arranged with my accountant that I will earn £10,000 pa plus dividend payments payments as appropriate (probably approx. £40,000pa). [...]
Like many of our clients, we are constantly updating our Continuous Professional Development (CPD). One of the many pieces of reading material we were looking through had the title of ‘Advisers Have Vital Role As Persuaders’. This was based on the results of a survey which asked both individual investors and advisers 5 questions about [...]
Q. I am a 40 year old female dentist, and am finding that my NHS work is decreasing, while my private work is very much growing. I need to make sure I have enough income at age 55 plus, when I plan to slow down at work then stop at age 60. Therefore my pension [...]
About one third of people reaching retirement exercise their rights under the open market option (OMO) to shop around for a better retirement income deal. This suggests two thirds of those buying a lifetime annuity – or more than £4 billion a year in cash terms – roll their funds straight into a lifetime annuity [...]
Q. As a dentist approaching 60, I decided to get myself organised and write to the State Pension Agency to obtain a forecast on my state pension due at age 65. My request was answered with a short note saying that this is not now possible. What is going on?! A. Very simply the Department [...]
Q. I have read a lot about Gordon Brown’s tax raid on pensions, and recent articles discussed that the Treasury fought for two years to prevent the publication of advice to the Chancellor given in 1997 before he went ahead. As a dentist, I started investing £1000 gross per month that very year when I started doing a lot [...]
I think it will be useful to make sure that you’re aware of an important way some people can boost their income in retirement. Many of our female clients will have had letters from Her Majesty`s Revenue and Customs and the Department of Work and Pensions. The letters have been sent out to inform those concerned [...]
Q. I have heard of "Home Responsibilities Protection" being quoted in various articles about the State Pension. What is this? A. Very simply, it is a way of crediting years to people (usually women) who are, for example, looking after children or sick relatives. One of these years is taken away from the number of [...]
Q. I’ve just heard that the government are considering removing the tax relief that you receive on life assurance with tax relief (or pension term assurance as it’s often referred to). What has happened? A. In his pre-budget report Gordon Brown announced that the governement ARE reviewing this. If you have this type of policy [...]
