For many doctors and dentists, the annual allowance is a key focus and a significant concern in their financial and tax planning.
Often referred to as the ultimate ‘stealth tax’ within the medical profession, it tends to catch many off guard, even in the wake of the McCloud remedy fallout and the subsequent issuance of revised annual allowance statements.
After evaluating your annual allowance position and considering ‘carry forward’, you may discover you have an annual allowance pension tax liability.
