What are your ambitions after you've retired from practice? Travelling the world, acquiring new skills, immersing yourself in hobbies or visiting friends abroad? Whatever you've set your heart on, Dental & Medical Financial Services can help you create a carefully structured plan.
Regular changes to public sector retirement and pensions could affect your retirement plans as a doctor. Whether you are currently contributing to a pension pot or nearing retirement, the professional financial advice we offer to doctors is designed to help you build a more secure future.
Establish your target income, capital requirements and the optimum date for retirement
Identify the adequacy of current pension provision, including NHS pension, private pensions and spouse's pension arrangements
Determine your total pension value and advise on the implications of the lifetime allowance and the annual allowance
Discuss the different ways of making up any shortfall and advise on which method is best suited to you
Review all of your current pension arrangements to establish if any action is required in respect of recent and proposed pension rule changes
Provide a detailed report covering all of the above items and giving specific advice on how to achieve your retirement plans
Wealth creation and wealth preservation are two integral parts of the retirement planning process. Initially, we review your existing savings and investments, including Cash Accounts, NISAs and property, to gauge your current position financially. We can then prepare a summary of your current investment portfolio and advise on asset allocation, risk profile and tax aspects.
Many say that 70 is the new 50, as increasingly more people are living and remaining fitter and active for years longer than their grandparents. This means the need for a decent pension has never been greater. Retirement planning may seem a confusing subject, full of financial jargon and complicated rules, but as part of the service we offer, we can ensure that you are well informed about the choices available to you.
"Medics Financial Services helped me put into place a retirement plan and gave me a full pensions overhaul. Thanks to the advice received, I now have high hopes of a comfortable retirement."
Ms Olaitan, Consultant Gynocologist