Retirement Planning for Doctors & Dentists

As a medical professional, you could be forgiven for believing that your NHS pension is the solution to all your pension requirements. It does, after all, provide a tax free lump sum and an index-linked pension that is service related.

Whilst the NHS Pension Scheme certainly forms the backbone of our clients’ retirement plans, in many cases, supplementary planning is not only also required but it has huge tax advantages too.

NHS Pension Scheme

Unlike a growing number of schemes today, the NHS Pension Scheme provides a very valuable indexed retirement income which is based on a combination of the number of years worked and your final salary. Find out more

Personal Pensions

A personal pension is a highly tax efficient savings vehicle to provide you with a regular income in your retirement. This income is built by paying a regular amount into your pension, normally every month or every year, or a lump sum. Find out more

SIPPs (Self-Invested Personal Pensions)

SIPPs are personal pension wrappers that offer more freedom of choice than conventional personal pensions. They allow you to choose your own investments or to appoint an investment manager to look after your portfolio on your behalf. Find out more

Drawing Your Pension Benefits

There are various ways of taking an income from your pension, including a lifetime annuity, income drawdown or unsecured pension, or an alternatively secured pension. Find out more

Retirement Planning with Legal & Medical

To find out how Legal & Medical can help you maximise your income in retirement, contact us today or email This e-mail address is being protected from spambots. You need JavaScript enabled to view it

The tax reliefs referred to throughout this website are those currently applying in the United Kingdom to UK Tax Residents. These tax reliefs are liable to change. The value of any tax relief available will depend upon the individual circumstances of the taxpayer.