Free tax and pensions webinar
Independent practitioners are being invited to an important free webinar: ‘NHS Pensions and Tax – What you need to know’ on Wednesday 10 March, 6.30pm.
Advisers from Cavendish Medical will discuss these key topics:
- Current NHS pension benefits and recent changes;
- 2015 pension scheme age discrimination ‘remedy’ choice;
- 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.
Dr Benjamin Holdsworth
Dr Benjamin Holdsworth, director of specialist financial planners at Cavendish Medical, said: ‘It is difficult to imagine the NHS pension and its impact on tax positions becoming more complex, but this month we have already seen the conclusion of two key consultations which will directly affect pension scheme members.
‘For many, these new issues to consider will prove burdensome, particularly as they come at a time when the medical profession is still being truly tested after the most challenging of years. Doctors simply do not have the time to study the rules and nuances of every regulatory change.
‘In addition, there are also deadlines to remember. Those wishing to claim the tax rebate offered by the Government for annual allowance charges in 2019-20 must ensure they have applied for ‘Scheme Pays’ to settle the tax charge initially, as well as completing the correct application form.
‘We are hosting the webinar to explain these issues in more detail as well as other key financial points you should be considering as part of your overall financial plan.’
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-nhs-pensions-and-tax-10th-march/
Cavendish Medical provides specialist financial planning advice to medical professionals covering pensions, tax planning, savings and investments.