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. …
June 2023 Tax and Finance Update
In our monthly update, partner Laurence Slavin discusses the McCloud Remedy, which is a remedy for individuals who were moved from the 95s into the 2015 scheme. The remedy is extremely complicated, but it’s important to know that the deadline for the retrospective remedy to come into effect is the 1st of October, 2023. Also to be …
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.
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 …
Early Closure Date for 2019/20 AA Compensation, Use of Companies, IR35 News, Implementing McCloud, Basis Period Reform + More…
This broadcast provides an update on the key issues around NHS Pensions, clinicians using companies, basis period reform, and more
New Plans to Help High Earning Doctors with their Pension Annual Allowance Charge
The Department of Health announced today (7 August 2019) that they will be consulting over a new set of proposals which will give high earning doctors subject to the Annual Allowance Charge flexibility over the amount they put into their pensions. The proposal is that the same percentage of income chosen to be pensioned will …
New Plans to Help High Earning Doctors with their Pension Annual Allowance ChargeRead More
Tax Advice – Sorry – Information About Tax and Pensions
by Laurence Slavin, Partner Visited a high earning GP today. Still in his 40s, he has already exceeded his lifetime allowance, and has an annual allowance tax liability every year. So why, I asked him, has he taken no action. Is it because he is committed to get the maximum NHS pension at retirement or …
Tax Advice – Sorry – Information About Tax and PensionsRead More
