NHS pensions may be painful for dentists

Financial advisers at Capstone Financial Management Ltd and specialist lawyers at Clarke Willmott LLP in Manchester have joined forces to provide help and advice on NHS pension changes and how they impact the dental profession.

Matt Rhodes, a senior financial adviser at Capstone Financial Management Ltd, said, “The combination of high incomes, complex business arrangements and ever-changing legislation means dentists need professional financial advice tailored to their unique circumstances now more than ever.

“Every budget we have a plethora of changes that impact families in the UK. For those in the medical profession, where they have an NHS Pension the impact is even greater as there are also changes to the NHS Pension Scheme coming up.”

Helen Wong, from Clarke Willmott, who specialises in advising the dental sector, said, “Often retirement for dentists also involves selling a business or finding someone to take it on. That involves legal as well as financial considerations and both need to be considered together to ensure a happy retirement.