Tags: GP, Consultant, F1-F2, CT1-2, ST 1-2, ST 3-7+, Staff Grade, Clinical Fellow
The NHS pensions crisis affecting hardworking NHS doctors has been well publicised recently. What is the annual allowance, tapered annual allowance and why are threshold income, adjusted income and scheme pays important for all doctors to understand? Not sure if you are likely to be affected or think you are safe because you earn <£110,000 […]
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Tags: GP, Consultant, F1-F2, CT1-2, ST 1-2, ST 3-7+, Staff Grade, Clinical Fellow, GPST1-3
Independent financial advisers for doctors (IFA) – how do I find a good IFA? Choosing an Independent Financial Adviser that specialises in advising NHS doctors and surgeons on NHS pension, life insurance and protection for doctors and investment advice for doctors and surgeons can be difficult. Here are 6 important things to consider. Choose an […]
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Tags: GP, Consultant, F1-F2, CT1-2, ST 1-2, ST 3-7+, Staff Grade, Clinical Fellow, GPST1-3
Here at Medics’ Money we are aware of colleagues that opt out and leave the NHS pension scheme, often without being fully informed of the risks and benefits of doing so. Here, Paul Gilman from specialist Independent Financial Advisers Legal and Medical outlines some things to consider. NHS staff are leaving the NHS Pension Scheme […]
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Tags: GP, Consultant, ST 3-7+, Staff Grade, GP Locum
Do I need an accountant or IFA to deal with NHS pension problems? It’s the time of year when those little letters from NHS pensions are landing on doctors’ doormats. If you receive a letter, it probably says you exceeded the pensions annual allowance in the 2018/19 tax year, and it’s an indication that you […]
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Tags: GP, Consultant, Staff Grade, Clinical Fellow, GP Locum
With the seemingly ever-reducing lifetime and annual pension allowances, there has never been a more important time for doctors to look at alternative ways to save for retirement outside of the NHS Pension Scheme. Many of us are looking down the barrel of our ‘normal retirement age’ being 67. A chilling thought. One that drops […]
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Tags: GP, Consultant, Staff Grade, Clinical Fellow, GP Locum
The Annual Allowance Maze You will have read numerous articles about the challenges posed by the Annual Allowance and specifically the introduction in the 2016/17 tax-year of tapering of this allowance. As a reminder, the allowance can fall as low as £10,000 for Consultants and GPs with Threshold Income over £110,000 – this income includes […]
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The NHS pensions tax crisis – What changes could be made to the pension to help hard working doctors receiving tax bills as a result of annual allowance and tapered annual allowance charges? Medics’ Money asked specialist Independent Financial Adviser Max Spurgeon, from Legal and Medical what changes could help. You can book a free […]
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Planning for your retirement – we asked specialist medical Independent Financial adviser Darren Scott-Guinness from Dental and Medical Financial Services to give us a summary. You can contact Darren using Medics’ Money here for a free no obligation consultation including free calculation of your pension situation. First, you’ll need to think about what age you want to […]
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