Invitation to webinar on pensions annual allowance

Free webinar: Your Essential Briefing – The Annual Allowance

Tuesday 15 November at 6.30pm for 25 minutes

At this time of year, doctors may have received their annual allowance statements and could be realising they are in breach of the tax-free pensions savings limit, writes Elliot Lund, financial planner with specialists Cavendish Medical.

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 and will not be automatically informed.

This month, we are launching our new ‘Essential Briefings’ webinars which take a short, sharp look at one important topic for each session. Our first one will explain some of the mistakes to look out for with the annual allowance 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.

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 which we see time and again is that many of the statements contain computer-generated errors, which can easily go unnoticed but may cause significant problems further down the line.

And, this year, it could be important to get your figures double-checked. This is because the McCloud remedy could mean that the numbers for the last few years need to be changed retrospectively.

Webinar details

Financial planner Elliot Lund is hosting a webinar ‘Your Essential Briefing: The Annual Allowance’, on Tuesday 15 November at 6.30pm to discuss these key topics:

  • The key points of the NHS Annual Allowance;
  • What is the impact of the ‘McCloud Remedy’;
  • Why will I not be informed for breaching the ‘tapered annual allowance’;
  • Recent changes;
  • Pension tax payment options.  

The main presentation will last 25 minutes.

Please click here to register your attendance:

Cavendish Medical provides specialist financial planning advice to medical professionals covering pensions, tax planning, savings and investments.