NHS Pensions
The NHS pension is an excellent scheme for most dentists, but it’s complicated and sometimes the detail can feel overwhelming.
Because we work with so many dentists there isn’t much we don’t know or understand about the NHS Pension scheme. We can help give you a clear understanding of the scheme, its benefits, and how that fits in with your retirement plan.
Advice we can offer
Understanding the scheme and the benefits
Confirm the value of the scheme despite the effects of:
increased contribution rates
2015 scheme change (now the Reformed Scheme)
Lifetime and Annual Allowance tax charges
Update on the McCloud judgment and recommendations on whether you should move to the Reformed Scheme from March 2022.
Effects of retiring and taking your pension early
Help to minimise the Lifetime and Annual Allowance tax charges
Advice regarding scheme pays for those affected by annual allowance charges
Calculations to see if you are affected by the Annual and Lifetime Allowances, likely to be relevant for dentists who will remain in the scheme post March 2022
The levels, bases and reliefs from taxation are subject to individual circumstances and may be subject to change. The Financial Conduct Authority does not regulate taxation advice.
“With Martin’s expert knowledge of the complicated NHS pension system, he was able to provide an extensive, adaptable long-term plan with especially invaluable guidance on pension planning. We now feel much better prepared for our long-term financial goals.”