Articles
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15 May 2012Most dentists know that for dental practices there are generous Inheritance Tax (IHT) reliefs which can work to make practice assets exempt or partially exempt from IHT. This relief is called Business Property Relief (BPR). read more »8 May 2012
Longevity
Most dentists have no idea how long they are going to live for, in fact most tend to underestimate. read more »8 May 2012Invest... don't gamble
I've almost given up reading the financial headlines! It seems as a country we lurch from one crisis to another and any good news about the economy is shortly followed by bad news. read more »
106 Money Saving Ideas
- #60PensionsSince April 6th 2006, the number of options for drawing a pension has greatly increased
You can now defer annuity purchase past the age of 75 and using an Alternatively Secured Pension, you can transfer any residual funds after your death to other family members provided they are in the same provider's pension scheme.
Essential Money Blog
We look forward to meeting many dentists at our stand B50 this coming week. We have an amazing competition to win a holiday for 2 to Cape Verde, so please come and have your badge scanned.
Many thanks to all the dentists that visited our stand to have a chat over the last 3 days at the BDTA Dental Showcase at the NEC. We hope you enjoyed the show and got what you needed. If you've completed one of our forms to request a phonecall we'll be in touch over the next week or so.
There has been much debate recently about whether you can incorporate and still maintain your eligibility for the NHS pension. This largely depends on whether you are a provider or a performer.
Providers read more »
I've just had a great customer experience in a shop about 2 minutes walk from our office in Edgbaston, Birmingham.
Like many principals running their own dental practice we're looking for ways to improve our clients experience of working with us, and the service I've just had this afternoon proves it's worth that extra effort. read more »
I'm feeling very pleased with myself this morning as I've just passed an Advanced exam on Investment Planning! Why do we keep taking exams? The reason is the same as for dentists that take additional exams or consistently go on courses, I know they're doing whatever they can to be the best dentists they can be. read more »
Stay up-to-date
Current financial issues and industry developments that may affect you
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2 Nov 2011
A test case has been launched by trade unions in London's high court last week to prevent the switch in public sector pensions from the Retail Price Index to the Consumer Price Index. This change was announced in George Osborne's budget in his June 2010 budget and came into force April 2011. read more »
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1 Nov 2011
We've just heard from a dental client that is a Principal of his own practice. He's a Provider and a Performer although he is also incorporated. This month, for some reason, his NHS payments for him and his team (all self employed associates) hasn't been deducted. read more »
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28 Feb 2011
The new Government is changing the contribution limits on pensions. Here's a brief summary of the key changes:
• From April 2011 the annual allowance will reduce to £50,000 (fixed until tax year 2015/2016)
• Contribution to NHS pension schemes will be valued using a factor of 16
• Tax relief will be available at dentists' marginal rate read more » -
29 Jan 2011
Private equity firm Carlyle has signed a £450m deal to create the UK's biggest dental group with about 450 practices across the country.
Carlyle has bought Integrated Dental Holdings (IDH) from Bank of America Merrill Lynch and is merging it with rival Associated Dental Practices (ADP). read more »
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10 Dec 2010
The Treasury has now released the draft of the proposed changes to pensions legislation from 6th April next year.
Most of this draft legislation reflects what was announced in October - in summary, those changes were:
There will be no restriction of pension tax relief for additional rate tax payers
The Lifetime Allowance will be reduced from £1,800,000 to £1,500,000. read more »