We do not believe in a one size fits all approach, this rationale is particularly true, in the bespoke advice we provide when working with medical professionals.

The NHS pension scheme, invariably represents a very significant element of current and future financial planning and it is only after a full appraisal of the current and future benefit available that any other financial planning should be undertaken.

It is not only the prospective pension benefit that impacts planning.  There are a number of other factors that members of the scheme need to consider.  Death in service entitlement, ill health retirement, dependents benefits etc. Before advising clients on any aspect of financial planning, it is vital that a full appraisal of their existing benefits is obtained.

2011 has seen changes to pension legislation and the calculation of deemed contribution. For the purpose of income tax planning, it is more important than ever to know your ‘deemed annual contribution’. Once this is ascertained, we are able to calculate the effect on your current arrangements and the impact on your ‘Lifetime Allowance’.