Royal Sussex Hospital Pension Taxation Seminar
5.30pm - 5.45pm - Arrival
5.45pm - 6.45pm - Financial Presentation
6.45pm - 7.00pm - Q&A
The full gravity of the Government’s recent change to the annual pension savings allowance may recently have hit home for many doctors.
Those who have paid more into their pension(s) than the allowance permits may well have received unwelcome news from the NHS Pension Agency, confirming they have a tax liability.
No word from the NHS Agency does not mean no tax issue.
The Agency only knows about your NHS earnings and not your private earnings, for example from private practice, investments or rental property. Now that the annual allowance is tapered based on your total taxable earnings, you may well have a problem.
The onus is on you to find out. We can help.
Over sixty minutes we will explain what has changed and how to work out if you are affected. We will talk over the options available to those who breach the allowance; and show you different ways to manage your pension contributions in the future. We will look at how you could minimise and potentially avoid the annual allowance tax charge altogether.
There will also be a consideration of another pensions taxation aspect - the lifetime allowance. We will review what this is, what this means for you and what can be done to mitigate its impact. You’ll also be able to ask the presenters any questions that you have on these important topics.
The Financial Conduct Authority does not regulate tax advice.