Specialist accountants Dodd & Co in Cumbria, who serve dentists & medics throughout the UK, have recently released their 2009 profit figures for both NHS and private practice dentists. They covered the findings in their recent newsletter (which I highly recommend you subscribe to, see email link at the end of the article) and have [...]
Dental Goodwill NASDA Survey 2010
June 22, 2010 By Leave a Comment
The goodwill value of dental practices continues to rise according to the figures gathered in the quarterly survey of deals and valuations by NASDA, the National Association of Specialist Dental Accountants. The average figure for both valuations and deals is now back near 100 per cent, the kind of level last seen before the recession [...]
NHS Pension Scheme – Is Tax Relief Available On ‘Top Ups’? – Hot Topics Q & A
March 18, 2010 By
Q. I wanted to know if tax relief is available when additional pension is bought from the NHS scheme as it is when putting money into a personal pension. I have a children only dental contract and do not make the same contributions as I did when I fully worked as an NHS dentist. I am not [...]
Dental Practice Sale – Options on Your Premature Death?
January 26, 2010 By
This week we have a guest article from specialist dental solicitor Edwin Ross. Edwin looks at a new twist for the sole practitioner – Who will get the practice if you die before retirement? Take it away Edwin… Are you a sole practitioner? Have you ever considered what would happen to your practice in the [...]
NHS Benefits For Partners – Hot Topics Q & A
November 20, 2009 By
Q. I am a 45 year old Consultant with 21 years service in the NHS. I am a bit worried regarding the security of my long term girlfriend if I were to die. We dont intend to marry. How do I ensure any benefits a wife would normally receive are given to her? A. This is [...]
Life Assurance, Critical Illness Cover etc – Are You Paying For Policies You Don’t Need?
November 16, 2009 By
One of the common issues we find when we review a new client’s situation is that over the years they have been sold (or have purchased) many life, critical illness and income protection policies. Now, it’s important of course to state that such cover for, say, a couple with a family and a mortgage, is [...]
NHS Pensions Added Years- How To Purchase – Hot Topics Q&A
September 8, 2009 By
Q. I’m aware that I’m not going to accrue the full 40 years in the NHS Pension Superannuation Scheme as I did not qualify until I was aged 25. I’ve heard about buying ‘added years’. Can you tell me how to go about this? A. Until April 2008, buying added years was available. Many people [...]
NHS Pension Choices – The Key Factors
July 10, 2009 By
If you are a member of the NHS pension scheme, you will soon be asked to make a very important decision. That is, should you remain in the current version of the scheme (applies if you were a member pre-April 2008) or should you transfer to the new version (post-April 2008). To help, the NHS [...]
Dentists’ Provident Society Income Protection Claim Statistics 2007
May 19, 2009 By
A post by Ray Prince, Certified Financial Planner Ray Prince has worked as a Financial Planner since 1994 and specialises advising medics and dentists throughout the UK. His passion is working with and helping clients who want an unbiased view as to how they can achieve their lifestyle and financial goals and objectives. To find [...]
UK Dentists & Doctors – How Much Is Enough For Your Retirement?
May 7, 2009 By
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 [...]
