With our detailed understanding of your NHS occupational entitlements, our experienced and qualified advisers can review your existing policies to ensure that they are still suitable for your needs.

What is the difference between critical illness and income protection cover?

Life & Critical Illness

Life insurance is there to financially protect your loved ones when you are gone. It can be paid out to your family when you pass away or if you become terminally ill, either by a lump sum payment or a regular monthly payment.

Critical illness cover can pay out a lump sum benefit or a regular monthly benefit to enable you to support yourself and your family financially if you become seriously ill.

Income Protection

As you know better than most, ill health or an accident can happen to anyone at any time. Considering your specific occupation and current sick pay arrangements, we can help you to ensure that if the unexpected does happen to you, you have adequate financial protection in place.

Income protection can provide a monthly income whilst you are unable to work, giving financial security to support you and those who depend on you when you need it the most.

We can create bespoke retirement plans for medical professionals. We understand that your NHS pension will be at the core of your retirement planning. 

Whilst the NHS pension scheme may form a large part of your retirement income, additional planning may be required if you wish to retire early or require additional income to ensure that you can achieve the retirement you desire.

We can ensure that your retirement planning is as tax efficient as possible, minimising the tax you pay and optimising your income, whilst staying up-to-date with any changes in pension legislation.

Where needed we will work closely with accountants, specialist medical accountants and NHS technical support services.

As you are busy caring for your patients, you will recognise the possibility that you may need specialist medical advice and treatment yourself at some point. If you or your family need medical support, private medical insurance (PMI) can provide peace of mind by giving you more options and choices.

There are different PMI policies and levels of cover available, the main benefits are: 

• Reduced waiting times, with faster access to private medical treatment

• Choice around treatment locations and consultants

• Access to the latest treatments and medication

If your practice is set up as a limited company, then we can help you to be as tax efficient as possible by looking at the options for extracting your company profits.  

We will also review your current plans to ensure that they are structured in the most beneficial way to you and your company.

We can advise on:

• Individual and Group Life Cover

• Relevant Life Cover

• Key Person Insurance

• Individual and Group Income Protection

• Company Pension Schemes

• Company Investments

• Shareholder & Partnership Protection

Investing can be complex and time-consuming, whether you are a new or experienced investor.

We can demystify the process, guiding you through your options and explaining the financial jargon.

With our expertise, we will help you to establish your level of risk and find solutions tailored to your circumstances that maximise tax efficiency and utilise any allowances.

Our goal is to empower you to make informed investment decisions, helping you to build your financial freedom.

We can advise on: 

• ISA

• Collective investment account

• Investment Bonds - both onshore and offshore

• VCT / EIS schemes

• Corporate investing for limited companies

• Junior ISA

• Pensions for children

In recent years, Inheritance Tax (IHT) has come under the spotlight mainly due to the continued rise in house prices.

These days, you don’t have to be hugely wealthy to be affected by IHT. More people than ever before are assessing their estates and finding they have a greater liability to IHT than they had expected.

IHT is a tax payable on money, savings or other assets you pass on when you die, after deducting any debts and funeral expenses. IHT also potentially applies to some gifts you make during your lifetime.

The good news is that expert planning can legitimately mitigate this tax, meaning you can pass on assets to your family as you had intended.

There are various steps you can take to reduce the amount of tax due, these could include:

• Gifting assets

• Taking out a life assurance policy

• Investing capital into a trust

• Charitable donations