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 […]
Tag Archives: NHS
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 […]
15
Sep
Sep
Boris Johnson launched a new Health and Social Care Levy this week to replenish the country’s finances in the aftermath of COVID-19… It appears “unprecedented times” translates into unprecedented tax increases which depart from the Conservative party’s commitments to the triple lock on income tax, National Insurance Contributions (NICs) […]
21
Dec
Dec
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 […]
25
Mar
Mar
Our healthcare team have prepared an update document setting out the measures being proposed for general dental practices and community dental services regarding the emerging COVID-19 situation. We have also provided comments in regards to the application of these. An electronic copy of the NHS England preparedness letter, and all other […]
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 […]
12
Sep
Sep
Major changes within General Practice over recent years have pushed GPs to move towards larger practice status, in particular there has been a rise in ‘super-size practices.’ With the new 5-year contract seeing an even bigger reform to GP services, the need for practices to work together, whether this be […]
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: We think it’s a good idea to determine […]
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 […]
25
Apr
Apr
Here in the North East, healthcare professionals, such as consultants, GPs, doctors and dentists need specific financial advice. The team at Robson Laidler Accountants have a dedicated healthcare service where all matters of accounting, taxation, financial planning, payroll and NHS pensions advice can be delivered all under one roof. And […]
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