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Category Archives: Pensions

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NHS superannuation pension tax guide for associate dentists

Associate, Employed Dentists, NHS, Pensions, Self-employmentBy Nathan Holmes21 September 2023

This short guide will help you obtain your tax year-end superannuation certificate, claim the income tax relief on your tax return and help avoid common mistakes. How do I claim tax relief on my self-employed NHS superannuation pension payments? You need to get a copy of your SD86C to share with your accountant or to…

How to get free National Insurance Benefits

Limited Company, PensionsBy Nathan Holmes23 September 2021

This legislation was designed to help the lowest-paid employees in the economy build a free state pension and have access to state benefits.  By a quirk of the system, it benefits company directors and sectaries who pay themselves a low salary. If you earn an average of more than £520 per month or £6,240 per…

total number of qualifying years

How do I get the total number of qualifying years for my state pension?

PensionsBy Nathan Holmes16 September 2021

The best way to get the total number of qualifying years for your state pension is to get a state pension forecast. Your forecast will tell you: The total number of qualifying years you have What state pension you are likely to get How to increase it, if you can You have three ways to…

Accounting Advice for Dentists

Budget 2020: NHS dentists get better pension tax relief

Pensions, articlesBy Katherine Flood12 March 2020

The Chancellor has announced in the budget a reform of how tax relief on pension works, which will help dentists. It makes it far less likely that dentists working in the NHS will face additional tax charges. Since 2016/17, some higher earning dentists have faced very high tax charges because of a restriction on tax…

What Happens To My Pension When I Die? A Dentist’s Guide

PensionsBy Katherine Flood3 February 2020

Have you ever wondered what happens if you die before you claim your pension?  We all hope we’ll live to benefit from all those years paying into a pension scheme.  However, it’s worth knowing what would happen if you died before you started to claim any of your pension. This can help you, as a…

pension growth chart

Why dentists may need to pay extra tax for their NHS pension

PensionsBy Katherine Flood7 February 2019

As a dentist with an NHS pension, you’ll receive a detailed letter about your pension and a potential tax charge. Most dentist won’t need to pay this, but you need to know because it’s your responsibility to inform HMRC when this happens. To work it out, there are 2 things you need to know –…

Why dentists may need to pay extra tax for their NHS pension

PensionsBy Katherine Flood21 February 2018

As a dentist with an NHS pension, you’ll receive a detailed letter about your pension Annual Allowance. It can be difficult to understand, but essentially, there may be an additional tax charge to pay if the value of your pension has increased over a certain amount. Most dentist won’t need to pay this, but you…

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