Despite the weirdness that is Brexit, the traditional increase in the number of new mortgage applications in springtime continues. There are plenty of decent rates out there, particularly fixed rates. But what if you are a locum? It may be great to have the flexibility and autonomy of working patterns, but if it stops you…Read more
About: Nigel Farrar
Our articles are designed to be informative but do not constitute financial advice. We recommend seeking specialist advice before making a decision.Legal & Medical Investments Ltd is registered in England & Wales No. 3429678 Registered Office; Splatford Barton, Kennford, Exeter EX6 7XY Tel: 01392 832696.We are authorised and regulated by the Financial Conduct Authority. Entered on the Financial Services Register under reference 185193.The Financial Conduct Authority does not regulate offshore investments, tax advice, estate planning and some forms of mortgages. The tax reliefs referred to on our articles are those currently applying in the United Kingdom to UK Tax Residents. These tax reliefs are liable to change. The value of any tax relief available will depend upon the individual circumstances of the taxpayer.
Recent Posts by Nigel Farrar
“Is it worth being in the NHS Pension Scheme or should I be doing something else to fund my retirement?” With NHS Pension Scheme contributions as high as 14.5% of pay for some, penalties of 5% per year if you want to take benefits ‘early’ at 60, and possible tax charges if your NHS Pension…Read more
Being a locum has many advantages: greater flexibility, autonomy and variety. But there are some disadvantages too: peaks and troughs in income, difficulties with getting a mortgage and uncertainty about your financial situation if you fall ill or die, to name just a few. Modern life can compound matters too. A recent report has found…Read more
For most people, their largest asset is not their home, but their future income. If you were aged 30, with gross income of £60,000 per annum, you would earn £2,280,000 of income to the state retirement (SRA) age of 68…more of course if your income or SRA increases. As all of your future plans are…Read more
Locums are becoming a vital part of increasingly pressurised general practices, yet the NHS benefits they’re entitled to are not always as fair as they could potentially be. While locums can contribute to the NHS pension scheme, one critical benefit is not always available: death in service. What is a GP locum worth to the…Read more
As part of a diversified financial portfolio you would expect to see property and pensions represented well, with property normally being your main residence, and some form of pension planning e.g. the NHS pension scheme in the mix. However, with NHS Pension Scheme contributions as high as 14.5% of pay for some, penalties of c.…Read more
A whole new tax free childcare funding scheme was launched on 21st April 2017. Initially it was available for children under four, with other ages being added during the remainder of 2017. Under 6s were added from 24th November. The upper age of children included will eventually be 11, and 16 for disabled children (paid…Read more
There are some new ISA products to help you make the most of your hard earned income. Are you desperately trying to save for your first home or, are you at the other end of the spectrum, saving so that you don’t have to work to an age when your faculties have started to go…Read more
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