Healthcare news – Spring/Summer 2022
In our latest addition of our Healthcare newsletter, we are excited to share our top tips to improve your cash flow. We will also answer some of the frequently asked questions that we receive relating to Xero.
Webinar: NHS Pensions, Inflation & Annual Allowance Tax Charges
Watch our latest webinar exploring inflation, annual allowance tax charges and NHS Pension Benefits for healthcare professionals.
So far this year inflation has increased to levels not seen for over 40 years and, as well as the pressures that this has put on millions of households, high inflation has significant implications for healthcare professionals pensions under the NHS pension scheme. As a result, many healthcare professionals are asking what this means for them and what action they should be taking.
During this session, our speakers covered the following:
- A quick refresher on the NHS Pension Scheme for healthcare professionals, the Annual Allowance legislation and why inflation is so important.
- What this will mean for the 2021/22 and 2022/23 tax years.
- What are your options if you are facing Annual Allowance tax charges?
- A reflection on the value of the NHS Pension Scheme during these times.
- 15-minute Q&A.
It's good to gift, but be aware of the tax traps
Gifting can be a great way of passing on wealth to your loved ones as well as reducing the value of your estate for Inheritance Tax (IHT) purposes and general estate planning.
How to tackle rising costs
Over the past two years, practices had dealt with a lot due to the ongoing pandemic and focusing on the running of a General Practice may not have been high on the agenda.
Key contacts
Laura Clarkson Managing Partner Edinburgh – Head of Healthcare
Nicholas Nesbitt Partner - Financial Planning
