Here is a quick start guide to what expenses you can claim as a dental associate: Professional Subscriptions: Professional Indemnity – MPS, MDU, DDU, etc. General Dental Council ICO Royal College of Surgeons Dental magazine subscriptions Training: Training courses that are used to enhance existing skills. Training courses that […]
Category Archives: Healthcare
Blog, Dental, Healthcare, Tax, Taxable Benefits
Staff entertaining expenses dentists need to get their teeth into
21
Dec
Dec
We know that our dental clients like a party, as do we, but do you know the staff expenses tax implications of entertaining and Christmas bonuses? An annual Christmas party, or a meal and drinks out with your staff is enough to trigger a tax charge if the limits are […]
Blog, Business, Healthcare, Medical, News
BDA warns of ‘death of NHS Dentistry’ in England without major reforms
05
Oct
Oct
The British Dental Association (BDA) has warned that there needs to be a fundamental reform of NHS dentistry to address the current exodus of dentists from the service and the crisis in patient access. Thousands of dentists have left the NHS since Covid lockdowns, with almost half of dentists in […]
28
Sep
Sep
The Department of Health and Social Care (DHSC) has confirmed that GP practices will receive no additional funding to cover recommended pay rises for salaried GPs and other practice staff, a decision that could cost the average practice up to £40,000. The DHSC announcement follows a recommendation by the Review […]
Blog, Financial Planning, Healthcare, Investments, Later Life, Medical, Pensions, Personal Finance
High earning NHS workers could face huge pension tax bills
22
Sep
Sep
High earning NHS workers, including GPs and practice manager partners, could face a £33,000 tax bill due to the way inflation is applied to their pension. The Government has rejected a call from the Association of Independent Specialist Medical Accountants (AISMA) to repeat the 2019/20 compensation scheme, which protected NHS […]
07
Sep
Sep
With inflation on the rise it’s important to consider pension tax charges for NHS pension members. This has been a huge issue for medical professionals over recent years, which you will be very aware of. Many NHS pension scheme members have reduced hours, declined additional responsibilities, left the scheme or […]
Financial Planning, Healthcare, Medical, Pensions, Retirement, Wealth
NHS Pension – exit planning tips
15
Nov
Nov
In 2019 Robson Laidler Wealth wrote a blog entitled NHS Pensions – handy hints to plan your exit This has been one of our team’s most viewed blogs yet since 2019 there have been a few changes, which you should be aware of. One thing that hasn’t changed and […]
Blog, Financial Planning, Healthcare, Investments, Later Life, Pay, Pensions, Personal Finance, Retirement, Tax, Taxable Benefits, Wealth
The Autumn Budget Changes to Pensions
03
Nov
Nov
If you have a UK pension then you may need to be aware of three important changes that were announced in the recent Autumn Budget: No 1. The change to the age that you can take an income from an invested pension. We’ve been mentioning this to our clients […]
20
Oct
Oct
Under regulations that took effect from 1 October, GPs and practice employees with more than £150,000 in NHS earnings in the 2019/20 financial year are required to declare this income by 12 November. The full guidance is now available and can be found here: https://www.england.nhs.uk/publication/general-practice-pay-transparency-guidance/ The Robson […]
Blog, Budget, Employers, Financial Planning, Healthcare, Later Life, Pensions, Wealth
How can I look after my employees’ financial wellbeing?
21
Jun
Jun
In these tricky times, how do you as an employer remain profitable whilst trying to look after the wellbeing of your employees? Many employers ask us what an acceptable level of employee benefits is and of course this has to fit within their budget. The pension Since around 2012, […]
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