In The Press
We publish regularly for mainstream dentist and financial press journals, listed below is just a few of them.
The awards keep on coming!
2017 is shaping up to be a fantastic year for money4dentists, the expert team of Independent Financial Advisers (IFAs).
Hung parliament – what we know so far
Having only just got over the shock of the Brexit result (just about) and Theresa May's decision to hold a snap election, the country is once again plunged into uncertainty as the Election Results for 2017 reveal a shocking outcome for the Conservative party. What was meant to be a straightforward win for the current Prime Minister – or so she thought – has instead ended in the humiliation of a hung parliament. As a result of this, Mrs May and the rest of her party face the prospect of having to form a minority government – a far cry from the majority vote and 'stronger mandate' she was hoping for.
Another Award for money4dentists
With over half a century of experience, money4dentists is considered by many to be the most trusted and sought after Independent Financial Adviser (IFA) firm in the profession – something that has been reflected in the team's many awards over the years.
How will the Spring Budget affect you?
On 8th March 2017, Chancellor Philip Hammond presented his first – and allegedly last – Spring Budget, outlining the UK’s plans for spending and borrowing as well as proposed changes to taxation. As always, the Budget was met with mixed reactions, though it would be fair to say that it was moderately upbeat considering recent events and the uncertainty surrounding Brexit.
The Implications of Multi-Property Ownership
Today, it is not uncommon for people to own more than one property – whether it's for business, personal or investment purposes. Some acquire a second property as a result of inheritance or marriage.
Don't Let Tax Take Its Toll
It goes without saying that being a principal dentist/owner of a dental practice demands a great deal of responsibility and hard work. Whether it's completing clinical or administrative duties, there are a million and one tasks that need doing at any given time. That can leave very little time for tax planning.
Opportunities of Owning A Share
When it comes to investment opportunities, it can be difficult to choose how to best allocate your assets – unless you have a balanced portfolio, of course, with investments spread across different asset classes. One element to consider is the risk versus reward of each venture, and what it might mean for the return of your investment. By playing it smart – and that doesn't necessarily mean safe –there is a greater chance that you could maximise returns while minimising losses.
Get Assurance From Your House Insurance
Coping with unexpected barriers and the stresses and strains of the daily grind is part and parcel of everyday life. While admittedly some of these are unpreventable, there are areas where we can take necessary precautions to safeguard ourselves against possible disasters.
Are You Up To Speed On Inheritance Tax Changes?
Inheritance tax has been a widely discussed topic since the Summer Budget 2015. As inheritance tax (IHT) is payable on everything that is left within a person's estate above the tax-free limit, it is important to know what it is, what's changing and ways to reduce – where possible – liability to inheritance tax.
What You Need To Know About Getting On The Property Ladder
Purchasing a new home is considered to be one of life's biggest milestone events, alongside graduation, getting married and having children. Unfortunately, however, it is getting harder and harder to get on to the property ladder, with the average age of first time buyers reaching 30 in the UK as a whole and 32 in London.
Why Do I Need an Independent Financial Adviser?
With the date of the Autumn Statement approaching fast, it may be wise for you to start thinking about, if you haven't done so already, your financial plan for 2017. Financial planning not only helps you to identify and map out your long- and short-term goals, it can also help you to maximise your income and make the most of your hard-earned money.
Critical Illness Protection – Is It Crucial?
Today, as many as one million people in the UK are thought to suffer from a critical illness, or a condition that prevents them from working. In a time where financial stability is not guaranteed, thanks to rising prices and threats of government cuts, the thought of being hit by a debilitating illness can hang over us like a dark cloud. However, there is a silver lining – critical illness protection.
Things to consider when buying a practice
Buying a dental practice can be one of the best moments of your career. Unfortunately, it can also be a hugely daunting, stressful and complicated experience. For those reasons, it is always best to know exactly what you want and how you're going to get it. To do that, you're going to need to do your research, know the market and assess your financial situation. There is no point wasting your time looking for a practice that doesn't suit your personal or financial needs.
Planning for Your Future
Balancing your portfolio and managing finances, on top of daily clinical and administrative duties, is enough for any dentist to be getting on with, but for those with long-term goals, future planning must also be incorporated into day-to-day considerations.
Budget deals a blow to buy-to-let landlords
Due to significant changes to annual and lifetime allowances in recent years, including the latest reductions that were introduced in April, investing in property has been the practical way to build financial assets and secure monetary stability.
April Alterations – How The Budget Will Affect You
As 2016 begins, the announcement of the summer Budget seems like an almost distant memory. Now that the shock of the first Conservative Budget in 19 years has died down, and there has been time to evaluate the pending repercussions, it is much clearer to see how the Chancellor's Budget will affect the dental profession.
Ready and Prepared for Retirement?
As of 6 April 2016, the Lifetime Allowance has a limit of £1 million before extra charges are applied. High-income earners are also now subject to further reductions known as the Tapered Annual Allowance. This means that anyone earning above £150,000 will face a reduction of £1 for every £2 of excess income. As a result, many dentists in their 50s will now be considering whether it is financially sensible to continue to work.
Insurance – The Key To A Financially Stable Practice
When it comes to running a dental practice, there are countless factors that need to be taken into consideration, from patient care to maintaining staff, financial and tax planning and insurance. If you are the key person in the running of the practice, it is important that you also safeguard the business in the event of critical or terminal illness, and in the worst-case scenario, death.
Are You Up To Date with Annual and Lifetime Allowances?
Over the years, there have been significant changes to Annual and Lifetime Allowances in regard to how much can be saved before tax charges are applied, and all of them are extremely pertinent to dental professionals.
Owning Shares – The Advantages and Disadvantages
There are both advantages and disadvantages to selling or buying shares. However, to fully understand what owning a share entails, the concept of a limited company must first be explained.
Don't ignore it
Even if you wanted to, it'd be hard to avoid Workie, the Department of Work and Pensions' (DWP) psychedelic mascot. Appearing in a recent ad campaign, the giant, furry creature is intended to remind employers about the Government's auto-enrolment pension initiative and its impending deadline. Quite what Workie – whatever he is – has to do with pensions is unclear, but if he gets the message across, so be it.
The Importance of Indemnity
In recent years there has been a staggering rise in the number of claims made against general dental practitioners (GDPs). Figures released by the General Dental Council (GDC) show a 90% increase between 2011 and 2013 alone. While there are a number of reasons that might account for the growing number of complaints – including greater expectations from patients, an increase in media coverage and the ease with which a complaint can be made – there is yet to be a definitive reason for the rise.
All change … again!
Keeping up-to-date with pensions and regulations has never been easy, but 2015 is destined to be remembered as the year that pensions became more complicated than ever before. First there is the new NHS Pension Scheme coming into play, as well as this, many practices will face the new challenges of auto-enrolment. And these are before we've even considered the changes from the 2015 Budget announcement in March – which may yet be altered again, as a result of the General Election, when the Summer Budget is announced on the 8th July.
Protect Your Family's Future
'No one thinks of winter when the grass is green!'
Rudyard Kipling 1865-1936, 'A Saint Helena Lullaby'
The invention of a rifle with the ability to accurately identify a target and shoot round corners, once the stuff of Boy's Own fiction, is now a reality and looks likely to make a significant impact on urban warfare. Unfortunately, in civilian life, none of us knows what is round the next corner.
A chance to get it right
As we move through the start of the year, the cheers of the New Year celebrations probably seem a distant memory. The great Oprah Winfrey calls the event "another chance for us to get it right", and many people will have done the time-honoured commitment of making resolutions – perhaps to lose weight or give up smoking - but by now, many of those well-intentioned pledges will have been broken.
Mortgage repayments for first time buyers
Having your own home in the current financial climate is a lofty aspiration and daunting for anyone, especially dentists who are first time buyers. The amount of money needed for a deposit to secure your house is astronomical, so despite it being a dream of many to own a house, it is an exceptionally stressful time.
Small Mortgage IFA Firm of the Year
Niche IFAs money4dentists prove that big is not always better, by taking a bit of success and coming out on top in the Small Mortgage IFA of the Year category. The give-member team caters for the financial planning of dentists throughout the UK from purchasing their first practice to preparing for retirement.
ASPD Congratulate money4dentists Tough Guy,
The Association of Specialist Providers to Dentists (ASPD) would like to congratulate Richard Lishman of money4dentists for taking part in the phenomenon that is 'Tough Guy' – an endurance test with a worldwide audience tuning in to watch one of the worlds toughest events.