BDA's Pensions Team offer advice to BDA members and represent dentists in pension scheme negotiations. The below case highlights how these two services have had a hugely beneficial impact.
Public Service Pension Schemes, such as those offered to dentists working for the NHS, are generous retirement savings vehicles including an attractive Government contribution and a guaranteed income in retirement. Whilst individual contributions to pension schemes are income tax deductible, high levels of pension growth can incur Annual Allowance tax charges each tax year. The legislation and processes behind Annual Allowance calculations are complex, with several nuances. One such nuance was identified by BDA in 2022 - meaning that significant changes in the rate of CPI price inflation would lead to many more dentists seeing higher Annual Allowance charges.
This is a preview of subscription content, access via your institution
