Ideally, retirement is an exciting time, which if prepared for properly, should see career efforts come to fruition. However for some, retirement is an event that has not been prepared for and inevitably will fill individuals with uncertainty. Knowing where you stand with pension and retirement planning is crucial, and the first step towards planning for the future.
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ASPD Articles
6 December 2009
Self Invested Personal Pensions (SIPPs) may be in vogue in the financial press, however are they really suitable for all dentists.
Since “pension simplification legislation” took effect in April 2006 the interest in SIPPs has gathered momentum as investors have become increasingly interested in the concept of managing their own investment portfolio for pension provision.
6 December 2009
With a diet of negativity on mortgage borrowing from the national press and savings rates at a historically low level many dentists are wondering in which direction their financial planning is heading. With a raft of recent changes to the NHS Pension Scheme we recap here on the specific benefits for dentists and consider if the scheme remains one of the best.
6 December 2009
2008 and 2009 were great years for mortgage borrowers with variable rate loans. The Bank of England tried desperately to shore up the economy with successive cuts perhaps ending in the historically low rate of 0.5% in March 2009. Past experience shows it is only a matter of time before rates begin to creep up.
6 December 2009
Libran is delighted to offer a new recruitment service that has been designed to reflect concerns expressed by a number of clients regarding their staff.
6 December 2009
ACAS has published its annual report for 2007-2008
The figures show a 50% rise over the last year in the number of tribunal claims received by ACAS for conciliation, from 105,177 to 151,249. With some Employment Tribunal claims including multiple complaints, the total number of complaints rose from 180,420 last year to 227,497 this year – an increase of some 26%.
6 December 2009
You may have been thinking for some time of retirement; moving to a less responsible position as an Associate or making a new career move. Whenever the thought of selling your Practice becomes fixed then your first move should be to have your Practice valued by an experienced valuer and you need look no further than the four national Dental Practice Valuers who are members of ASPD.
5 December 2009
Are you a sole practitioner? Have you ever considered what would happen to your Practice in the event of your death? Under General Dental Law, as a sole practitioner, on death your estate has 3 years to find a buyer .
But what if you have an NHS contract?
5 December 2009
When launching a new dental practice, one of the first things you will need to deal with is your name. Your name is your “brand”. It is the most powerful marketing tool you have. For this reason it is imperative to check that the name is free to use and to protect your brand as much as possible.
Checking your name
5 December 2009
There maybe a number of reasons why you would seek to present a business plan to a bank for example to obtain finance to purchase a practice, to obtain finance to develop an existing business or to obtain finance for a new practice start up.
5 December 2009
Some statistics from Edinburgh based pension provider Standard Life PLC:
“One in three 46-65 year olds want to keep working in new jobs- ‘on their own terms’ after the official retirement age”
“51% plan to travel more in their long-term future”
“By 2050 people will live for an average of 30 years on reaching age 65
5 December 2009
As many dentists have found, there has been a dramatic increase in the value of dental practices over the last few years, prompting a number of dentists to seriously consider selling their practices earlier than planned.
5 December 2009
Long established custom in commercial transactions has placed the onus on the buyer to ensure that the prospective purchase is what it appears to be and that the price is fair, but today’s sellers also need to be aware that the buyer may be a wolf in sheep’s clothing.
5 December 2009
If you are a dentist looking to purchase either a practice with an existing lease, or set up a squat with a new lease, you need to be aware of your statutory rights when it comes to renewing the lease at the end of the contractual term.
5 December 2009
Independent Financial Adviser and Director of Practice Financial Management Ltd (PFM) Jon Drysdale considers Bears, Bulls and how Investment History has a habit of repeating itself.