Independent Practitioner Today readers are invited to a free webinar – Your NHS pension: what you need to know – on Wednesday 3 May at 12.30pm or Thursday 11 May at 6.30pm.
George Uglow, a financial planner with specialists Cavendish Medical, will cover the new NHS retirement flexibilities available to doctors and Budget tax changes affecting senior consultants and GPs.
Key topics include:
- NHS pension benefits and the ‘McCloud remedy’;
- The changes to the annual and lifetime allowances and tapering following the March 2023 Budget;
- Pension payments options including ‘scheme pays’;
- Retirement flexibilities and Consumer Price Index alignment;
- Pension recycling (alternate rewards policy).
The main presentation will last approximately 45 minutes plus 15 minutes for questions and answers at the end.
Mr Uglow said: ‘It has been a remarkable few months for those with NHS interests. Chancellor Jeremy Hunt announced he would end the tax charges on the lifetime allowance and would increase the annual allowance, reducing substantial tax bills on pensions growth in the process.
‘These key measures followed the conclusion of the NHS pension consultation which confirmed more flexible retirement opportunities going forward.
‘Our latest webinars will look more closely at these developments as well as the important issues you should be considering now as part of your wider financial plan.’
Cavendish Medical provides specialist financial planning advice to medical professionals covering pensions, tax planning, savings and investments.
Please click here to receive your webinar login details for Wednesday 3 May at 12.30pm or click here for Thursday 11 May at 6.30pm.