Category Archives: Blog

Lifetime Allowance – Myths you need to know

lifetime allowance

For those who haven’t heard of this before, the Lifetime Allowance (LTA) is the amount that a UK individual can hold in a registered pension arrangement(s).  Now the LTA is £1.055m and it is set to increase with CPI every year.

Budgets and cashflow for Dentists and GPs

Budgets healthcare

Major changes within General Practice over recent years have pushed GPs to move towards larger practice status, in particular there has been a rise in ‘super-size practices.’ With the new 5-year contract seeing an even bigger reform to GP services, the need for practices to work together, whether this be […]

NHS Pensions – handy hints to plan your exit

NHS Pension

There are loads of articles in the press right now about doctors leaving the NHS.  You may be wishing it was you? For most of the doctors I meet, their NHS Pension will underpin their retirement planning.  So, it’s probably a good idea to get clued up/take some advice if […]

Financial Planning for North East Women

Financial planning for women

Come on ladies, it’s time to get a handle on long term finance! There have been a number of headlines recently about women not taking responsibility for their longer-term planning, many leaving it to their partner. Is this a problem? Perhaps not for some, but in my job I see […]

Worldwide Disclosure – what does it mean?

Worldwide Disclosure

In recent months HMRC has issued a flurry of Requirement to Correct (RTC) letters urging individuals to disclose their worldwide income and gains and ultimately aims to recover unpaid tax.  But what do these letters mean?   Our world is becoming ever smaller and interconnected. Whether it be a 10am Skype […]

Financial planning for University – “Today playgroup, tomorrow university”

Financial Planning Student

Someone said this to me about 18 years ago when their daughter, a similar age to mine, had just started playgroup.  This mother, so upset about losing the company of her toddler, not long after started to home-school – successfully, huge admiration.  At the same point, I practically jogged to […]

Xero for healthcare professionals

Xero for Healthcare

Due to changes in NHS contracts practice mangers are facing increased financial pressure; mainly the need to sustain a similar level of profit despite funding being reduced. This then puts pressure on patient care, and so the domino effect begins. How can we make lives easier for all here? Looking […]

Receipt Bank for Practice Managers

Receipt Bank

Imagine the scenario; you’re a busy practice manager, it’s the final month before your tax is due and you’re in a panic trying to pull all of your accounting records from the previous financial year together to send to your accountant. Sound familiar? Receipt Bank is the answer. Receipt Bank […]