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 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 [...]
No doubt you are aware that more proposed changes to pensions has been announced by the Government. The good news is that the Coalition has attempted to simplify matters, which is very welcome after Labour’s legacy of the anti-forestalling legislation (how complicated does it need to be?). Let’s take a look at the main changes [...]
The 2009 claim statistics for Dentists’ Provident Society’s income protection are available and make useful reading for all dentists. If you are a dentist, it’s likely that you’ve taken out income protection insurance (also referred to as permanent health insurance). In fact, you may have even claimed on your policy. During the last few years [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
