Important Information for all Consultants, Doctors and Dentists.
Reaching the upper echelons of the Medical Profession brings high rewards, but it also brings interesting decisions. Often the individual is required to split their time working within the strictures of the NHS but understanding the long term benefit that afford; as well as developing a reputation in private practice that can often be more immediately rewarding. Getting the balance right can be challenging as can building the right financial structures around yourself so that the futures of your family and yourself are secure.
To help ensure that you are selecting the right investments and developing the appropriate protections around your assets, Questa Chartered Financial Planners would like you to consider the following and then talk to us if you are any doubt.
- Are you striking the right balance between planning your public sector income and long term benefits with those from private practice?
- Did you know there was a way to ring fence Death in Service Benefit to stop it being offset against other State benefits that a widow or children might be entitled to?
- As many as 90% of the population may never become liable to pay Capital Gains Tax, but are you sure you are one of them?
- Are you sure that your assets, be they property, cash or other investments are held in the most tax advantageous way for you and your beneficiaries?
- Are you sure that your Last Will & Testament has been prepared in the most advantageous way by both your Solicitor and your Independent Financial Adviser, so as to protect all your legacies?
- Did you know that there are simple structures you can put in place now, even if your children are very young, that will protect them in the event of (for example) redundancy or divorce in their adult life?
- Have you done everything you possibly can to protect your family from the financial impact of life’s difficulties?
A private chat with Questa Chartered will help you to answer all of these questions and deal with them to the complete advantage of you, your family and your business.