Financial planning for the healthcare profession and NHS is a specialist area that requires expertise and a thorough understanding of the industry. Whether you are a part of the NHS pension or not, as a Medical or Healthcare Professional, we understand your finances can be complex and therefore can present you with some challenges.  Our healthcare team of financial planners has the specialist knowledge and technical expertise to help provide you with solutions for your own personal set of circumstances. 

The NHS Pension Scheme is the main pillar of retirement planning for many medical and dental professionals. The scheme provides a lifelong, inflation-linked income with the added benefits of life cover and financial support for dependants. Despite reforms including higher rates of contributions and the introduction of the career average earnings (CARE) scheme, the NHS Pension still offers excellent value for money. 

Whether you are newly qualified or close to retirement, we can help you on each step of your journey by understanding your needs and ambitions.

Our financial advice for the medical and dental professions covers:

Pension Advice

Working with you to understand the complexities of the annual allowance and tapered annual allowance and what the lifetime allowance implications could mean for you.

Retirement Planning

We can help you plan for your retirement, taking into account any existing pension provisions you have made, including benefits you have accrued in the NHS scheme. We will establish what your retirement goals are in respect of income and lifestyle and where you are on your journey to achieving them. We will aim to help you identify any potential shortfall or gaps and provide you with options to either reduce or eliminate the gap. This can be achieved by providing “what if” scenarios through our cashflow or lifestyle modelling solutions.

Investments

We can help you to structure your finances tax-efficiently to make sure you utilise all of the available tax allowances available to you. This could range from options such as paying into an ISA and making the most of a spouse’s tax allowances, to tax-efficient investments such as Venture Capital Trusts (VCTs). 

School Fees Planning

If you are working towards a particular goal, such as your children’s or grandchildren’s education, we can help. We offer a range of portfolios each underpinned by our investment philosophy and process.

Financial Protection

As a medical or dental professional you are especially aware of the rigours of life and it is therefore important you have a safety net in place for you and your family should your income stop.  It is important that we work with you to ensure a suitable level of financial protection is in place, taking account all sources of income, giving you peace of mind that your family will be protected in the event of an unexpected death or illness.

Estate Planning

If you wish to look at options to minimise a potential Inheritance Tax liability or you simply wish to pass on your wealth to the right people at the right time, we can help.

Estate Planning is not regulated by the Financial Conduct Authority.


Martin Williams

Financial Planner

Martin Williams

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Elaine Finlay

Chartered Financial Planner

Elaine Finlay

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Jennifer Duncan

Financial Planner

Jennifer Duncan

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