Latest news 25/11/19: NHS chiefs in England and Scotland have agreed separate schemes to pay tax charges incurred by medical staff when their contributions to their pension fund exceed the annual cap imposed by the government. The charges have resulted in clinicians refusing to work overtime, risking a staffing crisis during the busy winter period. The English plan will allow medical staff to take money out of their pension pots in the 2019-2020 tax year to pay the tax bills they receive next year, and the NHS will reimburse their pension funds before their retirement. In Scotland, NHS staff will have the option to have their employer pension contributions paid to them as part of their basic pay instead.
We are experienced accountants and tax advisors to GP surgeries across the UK.
Over 100 doctors trust us to make their tax returns each and every year. These range from the simplest returns, to the most complex partnerships with significant external income.
We can help you with tax saving strategies and financial planning.
Doctors need to take early advice on retirals and succession in their practices, and we are there to help you.
The effect of the cap on the annual savings limit for your pension pot can be significant. If you are affected by this, you need to plan early to avoid excessive tax charges.
