The NHS pension scheme is an essential aspect of financial security for healthcare professionals. It offers a reliable source of income during retirement, ensuring that those who have dedicated their careers to public health are well taken care of in retirement. However, it’s common for individuals to encounter issues or concerns with their NHS pension. …
Pensions and Allowance Charges: Navigating the Complexities for a Secure Future
Pensions play a crucial role in securing a comfortable retirement, making it essential to understand their intricacies. In addition to the benefits pensions offer, it is equally important to be aware of allowance charges and their potential impact on your retirement savings. Let’s delve into the world of pensions and shed light on how allowance …
Pensions and Allowance Charges: Navigating the Complexities for a Secure FutureRead More
May 2023 Tax and Finance Update
In our monthly update, partner Laurence Slavin discusses a doctor who lost his £43k case with HMRC, evaluates whether you DESERVE your pension increase?, discusses increased fraud risks, and more.
April 2023 Tax and Finance Update
We know it’s May, but in April we were preoccupied with the GP Declaration of Earnings. More on the GP Pay Declaration, Post Budget Pension Changes, 24hr Pension Changes, Katie Collin made Chair of the Chartered Accountants Healthcare Community, and more… For an example of our New Pensions Information Report click here and contact us at [email protected] to …
Changes in Annual Allowance and Lifetime Allowance
Following the budget March 15, 2023, The Chancellor has made the following changes to the pension charge: · Increase the annual allowance exemption from £40,000 to £60,000; · Increase the minimum annual allowance exemption limit from £4,000 to £10,000; · Increase the income level for the tapered annual allowance to apply from £240,000 to £260,000; · Ensure that nobody will face a lifetime allowance charge from April …
Tax and Finance Update – January 2023
New Pension Record Check service, Getting the most out of Xero, Update on the £156k GP naming and shaming declaration, Murky GPs(?) and more…
Finance and Tax Update – September 2022
Fixing the Annual Allowance CPI Disconnect for 2022/23, Tax reductions in the Mini-Budget, Stamp Duty Relaxations, from Ramsay Brown – Client Service Award Winning Accountants. For an example of our New Pensions Information Report click here and contact us at [email protected] to take this up.
Tax and Finance Update – August 2022
Profit Warning for GPs, Tax investigations on the rise, are you claiming your tax expenses properly, help with your AGM and what is your PCN doing? For an example of our New Pensions Information Report click here and contact us at [email protected] to take this up. My name is Lauren Slavin. I’m a partner at Ramsey Brown accountants. …
Tax and Finance Update – July 2022
In this update, Laurence Slavin, discusses the July 2022 Review Body award, and why a 4.5% pay award without extra funding is NOT recommended! Also, Treasury response to request for help with 22/23 Annual Allowance charges, new residence online checker, and more! My name is Lauren Slavin. I’m a partner at Ramsey Brown LLP Chartered …
An Exciting New Bespoke Pensions Information Report Service from Ramsay Brown!
Our new report will:– explain your likely pension benefits– explain your options for maximising the lump sum– consider the impact of taking your pension early– calculate the effect of any annual allowance and lifetime allowance charges,– show the impact of the McCloud Judgementand will help identify any errors in your pension record (PCSE have identified …
An Exciting New Bespoke Pensions Information Report Service from Ramsay Brown!Read More
