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In this podcast, Neil Richardson discusses one of the most common issues facing dentists considering a move away from NHS dentistry: what happens to your pension. As more clinicians begin to explore mixed or fully private models for greater flexibility, work-life balance and autonomy, Neil explains why understanding the financial implications before making the transition…
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Dental regional manager Neil Richardson from Wesleyan Financial Services discusses what dentists should be aware of in the upcoming budget. What can we expect from the budget? Perhaps one thing we can expect from the budget is that it is likely to be full of a number of surprises. During an audit published by the…
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Neil Richardson, regional manager at Wesleyan, breaks down the best advice he would give to dentists this Pension Awareness Week. Running from 9 to 15 September 2024, Pension Awareness Week has kicked off – here are some top tips for dentists when it comes to preparing for future finances. Top tip number one: begin with…
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Neil Richardson gives an update on what the new Labour government might mean for dentists in terms of financial planning, including taxation and legislation. Speculation and rumours as to what could change under a new government with regards to taxation and policy have been rife, both in the run up to the election and following…
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In this video, Neil Richardson explains a bit about the current mortgage climate and answers your most pressing questions about what it means. What’s going on with mortgages at the moment? In recent weeks, there has been a noticeable decrease in inflation alongside winter weather patterns. Early in 2023, inflation surged as interest rates…
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Neil Richardson discusses the trend of allowing profits to build within a limited company and ultimately become an alternative form of pension fund in retirement. At Wesleyan, our specialist financial advisers have always helped dentists project their NHS and private pensions forward to their planned retirement age. This enables them to understand what their future…
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Neil Richardson, dental regional manager, shares research from Wesleyan Financial Services, which reveals an increasing number of dentists and doctors within the NHS pension scheme are exceeding the Annual Allowance (AA). Against a backdrop of increased costs of living and business operational costs, the potential for higher tax bills will be unwelcome for many NHS…
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Neil Richardson shares insights into what financial vulnerabilities this common practise causes for practice owners and associates and how to mitigate them. Following on from the recent HMRC announcement in regard to the change in guidance on status of associate dentists, the employment status of associates continues to take centre stage. Previously, we’ve been hearing…
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Neil Richardson, senior Wesleyan financial services consultant, shares his commonly overlooked areas that may leave you and your dental practice financially vulnerable. When you’re a practising principal dentist who is busy with patients, you may not think about the potential risks to your business. There are a number of common areas that I see when…
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