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NHS Pensions

Planning for retirement following a career in the NHS can be like forecasting the weather, unpredictable and constantly changing, and recent changes to the NHS Pension Scheme have resulted in significant tax implications for members.

Our team of medical accountants work closely with specialist medical IFAs when appropriate to ensure you get the best advice for your particular circumstances and will explain the options, allowing you to make an informed decision about the way forward.

How we can help:

  • Check the accuracy of your membership history and details on your annual pensions savings statement
  • Establish your current position and assess your exposure to a pension tax charge
  • Review any Lifetime Allowances protections to ensure they are still valid and advise on current protections  and how to apply for them
  • Predict the Lifetime Allowance at your planned date of retirement
  • Forecast the Annual Allowance  for each tax year
  • Forecast the Annual Allowance as part of a long term planning strategy
  • Planning for retirement (incorporating predicting the optimum time to take 24 hour retirement)
  • Full financial review alongside a specialist medical IFA
  • Discuss and explore alternative options to the NHS Pension Scheme if appropriate and subject to your personal circumstances

We act for over 400 medical practitioners in the NHS Pension Scheme, so if you are confused, need advice or have any concerns regarding your NHS Pension contact us, we would be happy to have an initial discussion over the telephone as a first step to helping you. 

Our Maidstone and Northampton offices are members of the Association of Independent Specialist Medical Accountants (AISMA).

 


Useful links

NHS Pensions - Scheme Pays Election guidance notes

NHS Business Services Authority – NHS Pensions

NHS Business Services Authority – NHS Pensions Members Hub


"This proves as a salutary lesson to any GPs not using a medical accountant, I am glad that I came to you when I did"

Dr M, GP in Kent

Key contact

Partner
Andrew Leal
+44 (0)3330 100 220
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Meet the team

Photo of David Lockitt

David Lockitt

Manager

David joined in December 2018 following the merger of his previous firm, he has joined us as a manager and adds further expertise to our Healthcare team.

He is currently spending an increasing amount of time advising clients with moves on to cloud based software in order to help them find more time to cope with the increasing demands being placed on them by the NHS. David firmly believes that providing clients with this extra time is fundamental to keeping a balanced life.

In his spare time David is Treasurer for his local district scout group, he also spends (too much) time playing golf (currently off single figures) or out walking his dog.  Occasionally spending time with his wife and two girls.

Get in touch with David Lockitt
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James Dickman

Accounts Manager

James started with MHA MacIntyre Hudson in 2009 where he completed his training and has worked his way up to Accounts Manager. James is a specialist in the Healthcare sector and assist his clients with a variety of services, including:

  • Partnership and sole trader accounts and tax returns
  • VAT returns, including partial exemption calculations
  • Preparing superannuation certificates for the NHS pension scheme
  • Bookkeeping and management accounts
  • Due diligence and reviews of GP practices for merger and profitability purposes, including for local CCGs
  • Implementing, training and advising on cloud accounting solutions for all organisations nationally

James qualified as a chartered accountant in 2014 and is a part of the ICAEW Healthcare Sector Group. He looks after a large number of GP practices and a wide variety of medical consultants mainly in the Kent and London, but works with clients both nationally and internationally too.

James is a Xero certified advisor and a certified QuickBooks Online advisor which he uses as part of his nominated Digital Solutions contact role for the firm.

In James’ spare time he enjoys playing snooker and pool as well as a round of golf and watching the Formula 1.

Get in touch with James Dickman
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Rakesh Shaunak

Partner and Group Chairman

Rakesh is currently Group Chairman as well as Chairman of the City Office. Rakesh qualified as a Chartered Accountant with a top five firm, gaining experience of large corporate audits and qualifying as a Member of the Institute of Taxation. He devotes much of his time to business advisory work and has a large portfolio of commercial clients. He is also the Managing Partner of the firm's education unit acting for a substantial number of colleges, academies, free schools, and other schools and education bodies.

He acts for a number of Leisure and Hospitality providers and understands the challenges facing the sector. Rakesh is keen to follow the ever changing landscape of Leisure and Hospitality in order to anticipate the needs of his clients.

He believes that people accept inefficiency and complacency far too easily and everyone should be encouraged to test their boundaries.

Get in touch with Rakesh Shaunak
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Steve Cosford

Healthcare Director

Steve has worked in the profession since 1988 and is a senior manager who leads a team specialising in servicing the accounting and business needs of general medical practitioners.

He works with GP Partnerships and GP Federation companies, along with other associated businesses including GP owned pharmacies and locum companies.

Steve has also recently been involved in the formation of a number of super partnership mergers.

Get in touch with Steve Cosford

What they say about us

SilverLining UK very highly recommends MHA MacIntyre Hudson for all your company’s financial accounting needs.Our corporation has worked with MHA MacIntyre Hudson for the last 4 years. They are truly the best at what they do.They continually provide timely and excellent service and go ‘above and beyond' for their client. Their knowledge, communication skills and professional qualifications are of the highest quality and standards. SilverLining UK - Construction Sector

What they say about us

The team at MHA MacIntyre Hudson have taken away the burden of the day to day bookkeeping, payroll and CIS work off me. This has enabled me to spend more time working on my business, finding new work, new ideas and ways to be more profitable. Thanks to the help I’ve received, I can see a bright future for me and my company. Luke Day - Complete Wiring Solutions