NHS pensions made news this year, consultants and GPs blaming large tax bills, linked to pension statements, for making some work uneconomic. But why should high-earning power, coupled with pension provision, spell trouble – even for top-earners outside the NHS? Two key allowances are at play: the annual allowance (AA) […]
Tag Archives: financial planning
Blog, Financial Planning, Later Life, Pensions, Personal Finance, Retirement, Wealth
Pensions in your twenties and thirties?!
26
Sep
Sep
As a thirty something (and hurtling towards the big 40) I often find myself thinking about retirement and what it’s going to look like. Not necessarily what I’ll be doing or the fact I’ll be finished work forever (yippee), I’m thinking about money, my pension, and will I have enough […]
Blog, Family, Financial Planning, Later Life, Pensions, Personal Finance, Retirement, Tax, Wealth
Lifetime Allowance – Myths you need to know
18
Sep
Sep
For those who haven’t heard of this before, the Lifetime Allowance (LTA) is the amount that a UK individual can hold in a registered pension arrangement(s). Now the LTA is £1.055m and it is set to increase with CPI every year.
Blog, Financial Planning, Healthcare, Later Life, Pay, PAYE, Payroll, Pensions, Personal Finance, Retirement, Tax, Taxable Benefits, Wealth
NHS Pensions – handy hints to plan your exit
10
Sep
Sep
For most of the doctors I meet, their NHS Pension will underpin their retirement planning. So, it’s probably a good idea to get clued up/take some advice if you have a specific date/lifestyle in mind! Here’s what you should be thinking about: 1. Work out what you need and […]
Blog, Budget, Community, Family, Financial Planning, Personal Finance, Wealth
Financial Planning for North East Women
05
Sep
Sep
Come on ladies, it’s time to get a handle on long term finance! There have been a number of headlines recently about women not taking responsibility for their longer-term planning, many leaving it to their partner. Is this a problem? Perhaps not for some, but in my job I see […]
Blog, Budget, Family, Financial Planning, Personal Finance, Wealth
Financial planning for University – “Today playgroup, tomorrow university”
13
Aug
Aug
Someone said this to me about 18 years ago when their daughter, a similar age to mine, had just started playgroup. This mother, so upset about losing the company of her toddler, not long after started to home-school – successfully, huge admiration. At the same point, I practically jogged to […]
Blog, Family, Financial Planning, Later Life, Pensions, Personal Finance, Retirement, Wealth
Later Life Care – a financial time bomb?
02
Jul
Jul
Local authorities are cash strapped – fact. The Dilnot Report capping the cost of Later Life Care fees keeps being delayed. Something has to be done to address this. The Pensions Policy Institute (PPI) has published ‘Care in later life: incentives to use assets to pay for care’ sponsored by […]
Blog, Family, Financial Planning, Investments, Pensions, Personal Finance, Retirement, Wealth
Future proof your lifestyle
27
Jun
Jun
It feels like there’s a lot of uncertainty about at the moment – whether it’s Brexit or our next PM or the state of the economy. It may be concern about climate change, job security, lifestyle. Although these things seem big and out of our control there are steps we […]
Blog, Business, Financial Planning, Personal Finance, Wealth
10 Questions with Robson Laidler Wealth Director Neil Cowie
13
Jun
Jun
1. What was your first break in business? Getting a call to discuss the new financial planning advice business being set up by Robson Laidler in 2005. 2. What did you want to be growing up? Airline pilot – I’m still a bit of a plane spotter! 3. […]
Blog, Family, Financial Planning, Investments, Later Life, Medical, Pensions, Personal Finance, Wealth
North East Medical Professionals – are changes to pension tax rules affecting you?
14
May
May
Has anyone noticed the increase in the number of articles lately relating to doctors and their pensions? One of the more recent headlines this April was the British Medical Association warning the Chancellor that senior doctors would have to cut their NHS working hours if the recent changes to pension […]