As a busy medical professional it is sometimes difficult to devote an appropriate amount of time to financial planning.  From deciding on the most effective way to receive your income, through to making the choices relating to your NHS pension, such decisions require in-depth understanding.

If it offers any reassurance, you are certainly not alone. Most of our medical clients complain that they simply cannot spare the appropriate amount of time to devote to their finances. Consequently they often do nothing for fear of taking the wrong step.  As experienced financial planners we are able to remove a great deal of the complexity around these decisions and help you make an informed choice.

At Hetherington’s Wealth Management we specialise in providing advice for medical professionals, whether General Practitioners, Dentists or Hospital Consultants and senior staff.  We offer a bespoke service to each client taking them through a simple step by step process.

• Request and evaluate their current and projected Pension benefits – changes to both the Annual and Lifetime Allowance thresholds have significant implications for members of the NHS pension scheme.
• Review and evaluate current protection policies.  In addition to the use of a suitable range of trust documentation* to ensure the maximum tax-efficiency of such plans, we are often able to improve upon existing premiums through our access to a specialised product range.
• Evaluate the way in which income is being derived to ensure that it is being received as efficiently as possible from a tax perspective. Review the relative merits of partnerships and limited company structures, with input from your accountant, through to salary sacrifice and key man policies. It is imperative that the most tax effective strategies are being used.

*Trusts are not regulated by the Financial Services Authority