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
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Steve Cosford
Healthcare Director
Steve has worked in the profession since 1988 and is a Healthcare Director, 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
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
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
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 LockittWhat 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
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