Impartial Financial Planners | IFA | Fee Based | Dentists | Doctors
Providing fee based impartial financial planning services, serving dentists & medics throughout the UK
Q. With all the recent announcements regarding proposed changes to the NHS Pension Scheme, I have heard that the actuarial reduction percentages have changed for members that are looking to take benefits prior to normal retirement date. Can you please clarify the position? A. The good news is that the percentage reductions have reduced slightly. As [...]
Q. Having inherited a sizeable sum of money, I was considering investing some of it into the stockmarket. My Bank offered a free meeting with one of their advisers, who showed me various graphs showing that this was a good idea over, say, 5 years or more, and recommended their Bond. I was quite comfortable with this, but [...]
Q. You recently covered the impact of investment charges that all investors face when they put their money into funds within personal pensions and investment based Individual Savings Accounts. What are these costs and where can I find out more about them for the funds that I invest in? A. Investment costs/charges is certainly a [...]
Q. I have heard that HMRC are going to be targeting owners of holiday homes abroad. I know several colleagues who have invested in property this way. Is this something that should unduly concern them? A. With the Office for National Statistics revealing that one in seven people in their fifties or sixties have a [...]
Q. With future uncertainty about the economic outlook, what would you say is one key factor when investing disposable income and any capital I have available? A. As you might expect, there are a number of factors that you should consider. If I had to pick one, it’s investment charges. We’ve written about this topic many [...]
Q. I am a 58 year old Consultant who had a family quite late. As a result we have 3 children either doing A levels or at University. We plan to pay all their course and living expenses and were wondering about taking out a life policy on my life for, say, the next 7 years ‘just [...]
Q. In light of the recent falls in Stock markets around the world, should I consider selling my equity (share) holdings and buying safer assets? A. This is a great question and we totally understand why you are asking it at this volatile time for world stock markets. As you’ll know, there’s a great deal of [...]
Q. Over the years I have used various financial advisers. A lot of the time they call me with a new idea on investing that involves putting money into an ’exciting new product’. I have had my fingers burned on this sort of thing before, but still find the ideas interesting as they sound so good when an adviser [...]
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 [...]
Q. I hope it’s a long way off yet but my parents, who are now in their seventies, have become increasingly worried about Inheritance Tax. They had successful careers, and live in a very large house worth a lot of money. It occurred to me that what with property values having taken a hit, how does the Revenue [...]
