Baxter Fensham has a specialist department that has been dealing with Doctors financial planning matters on a personal and professional basis since inception in January 1997 and this sector remains a core part of our business. We have a great deal of expertise in this area and understand the background circumstances and needs of medical practitioners whether they work in General Practice, Hospital Consultant and/or privately.
This specialist knowledge involves an understanding and awareness of the different remuneration structures, NHS pension arrangements, professional expenses and locum needs, practice finance and exit strategies. Our knowledge, advice and services are applicable to GP Partners, Consultants (Surgeons and Physicians), locums and other Doctor grades.
Our financial planning approach allows us to analyse in great detail the current pension arrangements through the NHS pension scheme and project forward the potential benefits available.
Some of the services we offer are detailed below:
- Personal Lifestyle Financial Planning for all Doctors irrespective of career path. Examining the best course of action for doctors wanting to retire before the NHS normal retirement age.
- Specialist retirement planning for GP’s including commercial property purchase via pension schemes.
- Protection planning including analysis of the Death in Service (DIS), widows pensions and ill health retirement. It is vital when looking at ill health protection that the advice includes the distinction between a Physician and a Surgeon.
- Advice and provision of funding for new GP practice ventures, buy outs of existing practices and buy ins to existing partnerships.
- Advice on partnership and shareholder agreements. Most “off the shelf” agreements do NOT meet the requirements of most partners.
