NHS Pension Members – Don’t forget to declare excesses from your 19/20 pension savings on your January Self Assessment return. If you have exceeded your Annual Allowance for 19/20 and you don’t have sufficient unused annual allowance to carry forward to cover the excess, you must declare this on your […]
Tag Archives: NHS pension
22
Sep
Sep
It’s rare nowadays to be in, what used to be called, a “Final Salary” pension. We now call these “Defined Benefit” pensions because they are now not typically based on your final salary but on your service and income levels throughout the period of membership. If you work for the […]
27
Nov
Nov
The NHS has announced that that clinicians who exceed their NHS pension annual allowance in this financial year are not left out of pocket. It will cover all pension saving in the NHS schemes in 2019/20 (but not annual allowance tax charges falling due on pension saving outside the NHS […]
10
Sep
Sep
There are loads of articles in the press right now about doctors leaving the NHS. You may be wishing it was you? 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 […]
02
Apr
Apr
Traditionally GP and dental practices have only really looked at their financial performance as and when the year-end accounts have been delivered, prioritising (and rightly so) the care of their patients. However, practices have faced increased pressure in recent years, and as such, the need to keep on top of […]