Don’t miss webinar on pension planning
Readers of Independent Practitioner Today are invited to register for an important webinar for doctors – ‘What now for pensions and financial planning?’ – on Thursday 1 October at 1pm.
Benjamin Holdsworth
Dr Benjamin Holdsworth, director of specialist financial planners Cavendish Medical, said: ‘Now is the time of year when some doctors will be receiving their annual allowance statements and could be realising they are in breach of the tax-free pensions savings limit. The NHS Pensions Agency, however, will only notify you if you breach the standard allowance – but many doctors will be liable for the reduced tapered annual allowance.
‘Every year, these statements cause confusion, as the annual allowance tests ‘pension growth’ in the year, not actual pension contributions. The figures presented are not what you may think you have put in your retirement pot.
‘The other very real issue is that many of the statements contain computer-generated errors, which can easily go unnoticed but may cause significant problems further down the line.
‘We are hosting a webinar to explain some of the mistakes to look out for and your options should you be facing a tax charge. We will also explain payment options and factor in other key issues you should be considering.’
Cavendish Medical provides specialist financial planning advice to medical professionals covering pensions, tax planning, savings and investments.
Dr Holdsworth is hosting the webinar on Thursday 1 October at 1pm to discuss these key topics:
- Current NHS pension benefits and recent changes;
- 2015 Pension Scheme age discrimination ‘remedy’;
- The impact of NHS Annual and Lifetime Allowances and the changes to the tapered annual allowance rules;
- Pension tax payment options;
- Recent changes to clinical excellence awards;
- Other income sources – tax planning and pension savings.
The main presentation will last approximately 45 minutes plus 15 minutes for questions and answers at the end.
Please click here to register your attendance: https://cavendishmedical.com/webinar-what-now-for-pensions-1st-october/