Financial advice for GP’s
Click here for the difference between the various types of GP employment.
Hanson Medical & Professional advisers understand that life as a GP can be extremely demanding and that your working life leaves little time for financial planning. We have many years of experience working with GP’s and understand the complexity of your finances.
On becoming a GP partner your financial package from the NHS changed dramatically. As a partner you no longer have a basic salary and banding payments but have a practice agreement which entitles you to income based upon your share of profit.
Your superannuation benefits are no longer based on your final salary but are now based on a career average known as dynamised total uprated remuneration. We fully understand how to calculate your benefits and will guide and advise you appropriately.
All of our GP clients value having an adviser who not only advises them on their investments and personal financial planning but who has an in depth knowledge of their retirement planning needs.
The NHS pension scheme is the largest financial commitment that anyone working in the health service has and the benefits of this should be at the core of any financial planning they make.
We specialise in advising doctors on the current and future issues that will effect them, particularly around the latest pension legislation and the impact of changes to the NHS pension scheme. We provide advice on retirement planning exit strategies and many GP’s have avoided huge tax charges as a result of following our advice.
We are also involved in providing seminars on financial issues to groups on specialist trainee education programmes and are asked to provide talks to GP practices on NHS Pension issues.
We also have access to a number of Locum protection schemes and have saved practices several thousand pounds in annual premiums by reviewing their provision.
Our experienced and professional planners can help you keep your finances on track. We are not salesmen who represent insurance companies promoting their products; we are specialist independent advisers who will source the whole of the market if you need a financial product.
Tailoring your solution - financial advice for GP’s
What we do for our clients
- Arrange an initial meeting (at our expense) with you to discuss your aims and to introduce our holistic financial planning service;
- Gather relevant personal and financial data to assist in setting out your goals and aspirations;
- Prepare a professional bespoke financial plan based on your own unique circumstances;
- Present our solution to you;
- Implement any agreed actions through our wealth management service;
- Agree a review process to meet your specific requirements.
If you feel that you might benefit from an initial consultation about your financial planning or would like a presentation to a group of your peers please complete the contact details section or call us.