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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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
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
Mark Lumsdon-Taylor
Senior Corporate Consultant
Mark specialises in the areas of Rural and food; healthcare and digital; and IEE / ESG. He extensive experience in further, higher and commercial education. He is passionate about Dynamic ESG and transforming business.
Mark has won numerous awards for his work including National Finance Director of the year 2007, the national Accounting for Sustainability award 2012 (ICEAW), National Business Finance Director 2014 (Finance Director), the Public Sector Award 2016 (The Institute for Fiscal Turnaround), and the Institute of Directors (IOD) Blue Ribbon award for Governance and Finance Excellence in 2018. He is also an ambassador for Kent, charity trustee and unique in that he is both private and public sector skilled.
Mark joined MHA MacIntyre Hudson again in 2019 having originally trained here in 1997.
Get in touch with Mark Lumsdon-Taylor
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
The core services provided by the firm, global presence, industrial expertise and proactive response helped us take the decision towards using the services of MHA MacIntyre Hudson. - Tillomed Laboratories Limited
What they say about us
The whole team are exceedingly knowledgeable and the main benefit of working with MHA MacIntyre Hudson is the reassurance I feel that our business is in safe hands. Hayley Wilson - Fenmarc
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