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 Leicester, Maidstone and Northampton offices are members of the Association of Independent Specialist Medical Accountants (AISMA) and James Gransby, Head of Healthcare, sits on the Board of Directors.
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
Related Content
Find out more
Restricted pensions annual allowance for GP’s earning over £150,000
01 June 2016
Healthcare Newsletter Winter 2017/18
18 December 2017Welcome to the Winter 2017/2018 edition of our Healthcare newsletter for doctors and practice managers.
How can GPs avoid the new tax charges on their pension?
27 November 2017The amount GPs are allowed to save into their pension each year before incurring a tax charge is being reduced. Any active NHS pension scheme member earning over £110,000 may be affected.
Ian Jacobs
Partner
Ian works closely with his owner managed clients in order to understand what makes them and their businesses tick. This helps him to tailor his advice specifically to the individual's own personal and business aspirations. Well known within the local business community and working with a wide variety of companies, Ian endeavors to nurture their entrepreneurial spirit and steer his client’s businesses to their end goal. With a keen eye on his sector specialisms of Transport & Logistics, Healthcare and Property & Construction, Ian is able to provide companies with the in-depth knowledge and advice they require to grow and develop.
Ian has extensive knowledge of the Care Home sector enabling him to advise his clients on the constantly changing regulations and tax incentives available.
As a keen sportsman Ian believes that the same teamwork and competitiveness employed on the sports field can translate to an equally effective strategy for success in business.
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James Lawson
Director
James joined MacIntyre Hudson Corporate Finance in the London City office in 2015. He has approaching ten years’ experience in lead advisory M&A and focuses on advising entrepreneurs and management teams to develop and execute strategies to create, preserve, or extract shareholder value for companies in the £1m to £100m value bracket.
James has wide ranging M&A lead advisory deal-making experience across a variety of industry sectors on an international basis, with a particular interest in software and technology, media, healthcare and business services sectors.
James completed an Executive MBA (Distinction) from Cass Business School in 2015, and also holds a Master’s degree in International Business and Law from the University of Sydney, as well as an LLB in Law and French. Outside of work James is a keen traveller, foodie, gym regular and skier.
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John Mendes
Partner
John leads the outsource services team at MHA MacIntyre Hudson. He has considerable experience with assisting owner managed businesses, subsidiaries of international companies and other incorporated businesses, across a range of sectors, with their requirements.
His focus is in ensuring that our back office solution is specifically designed to meet your requirements, with access to management and financial reporting which is accurate and timely. The advent of cloud based technology has led to the introduction of further efficiencies and more in-depth and bespoke reporting to our clients.
A devoted family man but his passion for Chelsea FC runs deep.
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Anthony Brand
Partner
Anthony joined MHA in 2018 following the merger of Haines Watts Kent. He has been practising in Kent since 1986 and has a breadth of experience in both the healthcare and owner-managed business sectors.
He focuses on regular hands-on advice to clients to help them set and meet their objectives by identifying opportunities and potential problems.
Golf, gardening, walking and cycling are all interests – just not enough of the time!
Get in touch with Anthony BrandWhat they say about us
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