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NHS Pensions

NHS Pension Management Service

We are facing a whole new level of complexity surrounding the NHS Pension Scheme. The new rules on Annual Allowance (AA) and Lifetime Allowances (LTA) limits mean that healthcare professionals pensions are at risk of extremely penal tax charges. The reduction in these allowances will potentially affect all GP, Consultants and Hospital Doctors and the tolerances between the right and wrong decisions which you are faced with have now grown tighter than you will be aware of. The potential financial losses which would result from making the wrong decisions cannot be emphasised enough and this is not just something for those closer to retirement age to be alarmed about, we have cases effecting healthcare professionals in their 40's!

Using our unique, bespoke financial pension model, our experts are able to provide advance warning to healthcare professionals regarding any potential breaches or problems before they occur. Timing is crucial so you have the ability to plan accordingly if you are to mitigate any significant tax liabilities.

The NHS Pension Authority is incapable of providing you with accurate, timely information but we can. It may be that for some individuals, remaining members of the NHS Pension Scheme may not be value for money. In order to make informed financial decisions and minimise your tax liabilities. you need to understand your pension position and your options.

In a nutshell, our NHS Pension Management Service will answer the following questions;

  1. Do you have a problem with the Annual Allowance / Lifetime Allowance limits?
  2. What the tax charge might be
  3. Whether you can get the scheme to pay or whether you will have to pay personally.

We feel that individuals would rather know in advance so they can make informed decisions and take action, rather than discover problems after the event. Also where necessary we will advise you to apply for protection against the reduction in Lifetime Allowance to £1m from 6 April 2016.

Our dedicated NHS Pension Management Service in relation to the NHS Pension Scheme rules on Annual Allowances and Lifetime Allowances are subject to separate individual terms of engagement.

The additional work relates to the extremely complex calculations now involved in establishing each individual case. Similarly, the decision on which "protections" are applicable, for each individual's Lifetime Allowance, can only be ascertained by undertaking these complex calculations. 

Our specialist medical accountants and authorised and regulated independent financial advisers work together to deliver this service. Making our service proposition highly specialist and focused on your needs. Benchmark our service against what your financial adviser is offering and discover a superior service which could save you significant tax liabilities.


  • Very smooth changeover to BW, with good communication at all times. Very efficient in the production of the accounts (as promised) and the Partners are delighted with the advice received to date.

    Paul Atkinson, Practice Manager
    Netherfield House Surgery, Northumberland
  • BW Medical Accountants have a good working knowledge of General Practice and are keenly aware of the challenges Practices face within the changing environment of the NHS.  Benfield Park have been very impressed by the way BW Medical continue to deliver the range of services they provide from Accounts to Tax and NHS Pension advice. 

    We have found Practice consultation and engagement from BW Medical specifically helpful to shape the future of the Practice.

    Senior Partner
    Benfield Park Medical Group, Newcastle
  • We had no hesitation in moving to BW Medical Accountants.  For any business your accountant is integral, and for us one of the most important factors to this relationship is to have a personal and trusting approach, which BW have undoubtedly achieved. 

    The service we receive and the interest they show in our practice assures us that they have a genuine interest in us and commitment to us.  More importantly they are always helpful and polite to answer even the dumbest of questions!  They give us confidence and reassurance knowing that they are always very up-to-date with all the numerous changes within general practice and we would have no hesitation in recommending them to other practices seeking a professional and personal accountancy service.

    Jackie Rotherham, Practice Manager
    The James Street Family Practice, Lincolnshire
  • We moved to BW Medical Accountants in 2013 and we are delighted that we have.  Having been in the same business for over 20 years it is important to have a relationship with the accountancy team but most importantly you need to have trust.  We made the decision to move our business to BW Medical Accountants and having worked with the Team especially Tina we are very satisfied.  Tina going through the accounts brought to our attention many things that I was not aware of in the past.  The first years' experience can only be described as excellent.

    Customer service is first and foremost with BW and this shines through as each and every one of them are approachable, helpful and most importantly understand and know the business.  General practice is complex and is going to get more complex in the coming years.  We need Accountants who truly understand our business. We as a practice and as individuals would certainly recommend BW Medical Accountants.

    Gloria Middleton, Managing Partner
    Westbourne Medical Group, Sunderland
  • We changed to BW Medical Accountants during this financial year and I would say we have just had the most transparent and understandable end of year meeting and the best planning advice I have ever had in 16 years of practice.

    Dr H Jervis, Partner
    Temple Sowerby Medical Practice, Cumbria

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