Impartial Financial Planners | IFA | Fee Based | Dentists | Doctors
Providing fee based impartial financial planning services, serving dentists & medics throughout the UK
Q. I intend to purchase some critical illness cover, however I have to admit that I’m finding it difficult to decide which factors are the most important when deciding between all of the policies available. Also, whilst I have looked at the policies from some of the main providers, how can I find out which other policies are [...]
Q. I want to review my Inheritance Tax situation. I am a 50 year old Consultant and expect to work to age 60, if not a bit longer. Our two children have flown the nest and are independent, and my wife and I have inherited considerable amounts from recently deceased parents. So with this and a large house with [...]
Q. I am an NHS Associate Dentist and am considering changing my business structure from self-employed to a limited company. I have heard that there may be implications with regards ongoing membership of the NHS Pension Scheme. Can you please shed more light on this? A. You are right to be concerned. The NHS Pensions Agency has confirmed [...]
Q. As a 53 year old dentist working in the hospital service, I am worried that the Hutton Review on Public Pensions will affect my pension with the NHS. At present I would like to retire or semi retire at age 55, and retire fully age 60. Are my existing years service safe, and what about future [...]
Q. I was speaking with a fellow Principal dentist recently and she mentioned that she has ‘practice expenses cover’. Can you please tell me more and whether I should consider it? A. A long absence from work after an illness or an accident could hit your practice hard, particularly if you are one of the main income generators. Your income [...]
Q. I keep reading articles about people gifting money to their children. The thing that struck me was that it seems to be far more common to gift money even though the donor may only be in their 50s or 60s. Is this a trend that you are noticing? A. Yes it most definitely is [...]
Q. I have a fixed rate mortgage deal that is due to end soon. I am now trying to decide whether to opt for another 5 year fixed rate or go for an alternative strategy, such as a lifetime tracker rate. The value of my property is circa £625,000 and my current mortgage is £406,250 with 20 years left [...]
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 [...]
Q. I’m approaching retirement and have some major financial decisions looming. I think that using the expertise of a good financial adviser will help me, however I’m not sure how to choose the right one as there appears to be so many different types to choose from! How do I find the right one? A. I understand [...]
Q. I keep hearing from yourselves and others about Model Investment Portfolios. I think I understand the premise here but can you please summarise why you use them and how the ones you use work in practice? A. We have used these for around 6 years now, and it came from the realisation that trying [...]
