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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 Steve Cosford

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
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Martin Ramsey

Partner

Martin joined MHA MacIntyre Hudson in 2017 having spent 16 years working in the assurance team of a top 5 firm and having been in the profession for 27 years.  Martin deals with a mixed portfolio of clients but has particular sector specialisms in healthcare and professional practices. 

In addition to his audit and accounting work Martin has been involved in many other areas of advice such as in the areas of client money accounting and the related regulatory issues, mergers and acquisitions particularly in the professional’s space, funding, business structuring and incorporations, benchmarking and so on.

Martin’s preferred way of working is through face to face client relationships where he has the opportunity to really understand the clients business and offer support and advice based on both the personal and corporate aspirations of the client.

Outside of work Martin is married with three children who keep him busy.  He is also a keen cyclist and enjoys a day’s fly fishing when the weather is fair.

Get in touch with Martin Ramsey
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Andrew Leal

Partner

Andrew joined MHA MacIntyre Hudson in April 2019 following the merger with Kent based accountancy practice Percy Gore & Co, where he had been a partner since 1990. Andrew has a has a diverse portfolio in the healthcare sector comprising a range of GP Practices, Locum GP’s, GP Federations, Dentists, Hospital Consultants and other healthcare professionals.

Andrew regularly lectures and runs seminars on Primary Care finance.

Outside of work, Andrew is actively involved with his local church and enjoys running and sailing.

Get in touch with Andrew Leal
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Elaine Olson-Williams

Partner

Elaine gets most satisfaction from working closely with her clients, gaining a real understanding of them and their businesses before helping them move towards their goals. She's rightly proud of a reputation based on her reliability and professionalism, which wins the respect of her colleagues and many recommendations. She is always on the look-out for new projects. She is keen on all sports and is an avid skier.

Get in touch with Elaine Olson-Williams

What they say about us

With MHA MacIntyre Hudson’s support, our business has been very successful since we started three years ago. Simon Burke - Dalbergia Group

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