Financial advice for NHS and other medical professionals
Many medical and NHS professionals face unique sets of challenges when it comes to their finances, especially if they are part of the NHS pension scheme. Our specialist knowledge and experience help medical professionals with their complex financial needs and circumstances.
We understand that busy work and family lives mean many medical professionals don’t have the spare time that successful financial planning requires. Whether you are investing towards a particular goal such as retirement or are looking to make the most of your money, we can help.
We help medical professionals to structure their finances tax-efficiently and take advantage of all available tax allowances. This could include simple options such as paying into an ISA and making the most of a spouse’s tax allowances, or more complex, higher risk, tax-efficient investments such as Venture Capital Trusts (VCTs).
Whether or not you are part of the NHS pension scheme, we can help you plan for retirement. We show you how much money you’ll need to achieve your retirement goals, and whether you’re on track. If there is a shortfall, we could recommend other ways to get back on track – from postponing retirement a few years to making additional savings in a personal pension or creating an investment strategy that puts your money to work for you.
Retirement planning
Managing and saving tax
If you have various sources of income – such as a combination of NHS and private work – you may not have a suitable level of financial protection in place. We can work with you to ensure that your family will be protected in the event of an unexpected death, illness or job loss.
Estate planning and Inheritance Tax
People talk to us about estate planning and Inheritance Tax for many different reasons. Whether you want to minimise Inheritance Tax or simply pass on your wealth to the right people at the right time, we help ensure a smooth passing on of your assets in line with your wishes and without any unnecessary tax charges.
Financial protection
A pension is a long-term investment not normally accessible until 55 (57 from April 2028). The value of your investment (and any income from them) can go down as well as up and you may not get back the full amount you invested. Levels, bases of, and reliefs from, taxation may be subject to change and their value depends on the individual circumstances of the investor.