Medical Professionals

Your priorities can change considerably as your career develops. Your financial plan should change with them.

Building Your Career → Established Professional → Planning for Retirement → Financial Independence

NHS Pension & Retirement Planning

Understand the NHS pension information available to you and how your NHS benefits could fit alongside your other pensions, savings and investments as part of your wider retirement plan.

The benefits provided by the NHS Pension Scheme are determined by the Scheme rules and may be affected by changes to legislation and the Scheme rules in the future.

McCloud Remedy

Where the McCloud Remedy applies, we can help you understand the alternative benefit information provided by NHS Pensions and consider what the different outcomes could mean within your wider retirement plan.

Any illustrations or comparisons of NHS Pension Scheme benefits will be based on information and benefit estimates provided by NHS Pensions and are not guaranteed.

Early & Partial Retirement

If you're considering retiring earlier, reducing your hours or taking partial retirement, we can help you understand the relevant NHS pension information available to you and model how different scenarios could affect your overall financial position.

Any illustrations of future NHS Pension Scheme benefits are based on the information and estimates available at the time and are not guaranteed. Actual benefits will be determined by NHS Pensions in accordance with the Scheme rules.

Pensions & Investments

Bring together personal pensions and investments and build a strategy around your goals, timescale, attitude to risk and capacity for loss.

A pension is a long-term investment; the fund value may fluctuate and can go down. Your eventual income may depend upon the size of the fund at retirement, future interest rates and tax legislation.

The value of investments and any income from them can fall as well as rise and you may not get back the original amount invested.

Protection & Mortgages

Consider how you and your family's finances could be protected and provide mortgage advice where appropriate, taking account of your income and wider circumstances.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Financial Independence

Use cashflow modelling to explore what retirement could look like, the income you may need and when reducing work or retiring could become financially achievable.

The Financial Conduct Authority does not regulate cashflow modelling.

Using the information provided in your NHS pension statements and benefit estimates, we can prepare a personalised report bringing your NHS pension together with your other pensions, savings and investments.

Your NHS pension benefits – A clear summary of the benefits and scheme information provided to you by NHS Pensions.

McCloud Remedy – Where applicable, helping you understand the alternative benefit information provided by NHS Pensions and how the different outcomes could affect your wider retirement planning.

Retirement options – Considering different retirement ages, partial retirement or reducing your working hours using the appropriate NHS pension information available to you.

Your wider retirement income – Bringing together your NHS pension, State Pension, personal pensions, investments and savings.

Cashflow modelling – Illustrating what different retirement scenarios could mean for your future income and overall financial position.

The Financial Conduct Authority does not regulate cashflow modelling.

Your next steps – A clear summary of the areas that may require action as part of your wider financial plan.

For many medical professionals, the NHS Pension Scheme will be one of their most valuable retirement benefits — but it is only one part of the overall picture.

Using the pension benefit information and estimates available to you from NHS Pensions, we can help you understand how those benefits could fit alongside your State Pension, personal pensions, investments, savings and desired retirement lifestyle.

Cashflow modelling can then help us explore questions such as:

• When could I afford to retire?

• Could I reduce my hours or take partial retirement?

• What level of retirement income might I need?

• How could my other pensions and investments complement my NHS pension?

Good financial planning isn't about looking at individual products or pensions in isolation.

We consider your NHS pension, other pensions, investments, cash, property, protection, borrowing and future goals together and bring them into one financial plan.

As your career and circumstances change, your plan can change with you.

We provide clear, personalised financial planning designed to help you understand where you are now, where you're heading and what needs to happen in between.

The aim is to simplify the financial side of a demanding career and give you a plan built around the future you want.