Impartial Financial Planners | IFA | Fee Based | Dentists | Doctors
Providing fee based impartial financial planning services, serving dentists & medics throughout the UK
Large rises in income tax are due to take effect from next April for people earning over £100,000. New rates of tax were announced by the Government in the recent budget and they are going to hit many of our clients hard! This is because our clients tend to be higher earners, with many in [...]
Q. I am aged 64 and my wife is 57. We’ve been thinking about our retirement plans and, in particular, how much we’re entitled to from the state pension. As far as we’re aware, we have both accrued full service histories for the state pension. Can you help? A. You will be entitled to your [...]
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 [...]
This week’s Q&A is more in depth than usual and follows a ‘conversation’ style. Q. I guess something I have been considering is my retirement from general dental practice at age 58-60 while I still enjoy it and before my health suffers. I am currently 52 (53 in May) and in good health. I will have an [...]
Q. I am a female dentist working part time in a practice which is mostly private. Now in my 30s, I feel that I should get my pension planning sorted out. My children are still young, and I will be going back to work full time in 3 years. I will then earn around £80,000 [...]
In the past when it came to how the NHS paid your pension, it was very simple. You had a pension based on the number of years’ service in the Scheme, your income, and whether you had purchased added years. You also received a tax free lump sum of three times that pension (although GMPs [...]
Q. I’m a 57 year old dentist and am planning to retire when I’m 58. Should I take my NHS pension at 58, or am I best waiting until age 60? A. You’ll be aware that there is a penalty for taking the benefits from the pension prior to age 60. If you retire at 58, you’ll receive an [...]
