We know that the reduction in the Lifetime Allowance for Pension Funds has created massive uncertainties for GPs who potentially may be presented with additional tax bills as a result of the deemed value of their NHS pension.
This gives rise to a number of questions:
- Do I need to look at early or 24 hr retirement?
- What about payments into my personal pension
- Is there a need to apply for protection and if so should it be fixed or individual?
- How can I pay the tax bill?
Our team of experienced independent financial advisers at Milsted Langdon Financial Services can help answer these and any other questions you may have regarding your pension and retirement benefits. Our service is completely bespoke; individually tailored to suit your personal circumstances and goals in life.
You’ve spent your working life as a doctor helping others, so it’s only right that your retirement should be an opportunity to think about yourself and pursue your own interests. Planning for your retirement as early as possible is the best way to ensure you can do this.
Once we have helped you draw up a plan, we can review it on a regular basis to take into account any changes in your circumstances and to ensure your current provision is on track to reach your financial objectives.
We also have a full understanding of the NHS Pension Scheme and can advise you on any changes which may affect you.