Tyas & Company
Chartered Accountants, Registered Auditors, Tax, Business Advisors

NHS Dentists

 Will you suffer as a result of the pension changes

Do you understand how changes to the way in which pensions are taxed will impact on your pension? 

The annual allowance is now £400,000 and the lifetime allowance will reduce from £1 million.

This is a complex area and one which many dentists are too busy to get to grips with. Changes to pension allowances could impact dentists quite severely, especially as they progress through their career. Anyone exceeding the annual allowance will have to pay income tax on the excess at their marginal rate of tax which is likely to be 40% or 45% for most dentists. 

Action points

It is possible that your benefits accrued each year within the NHS pension scheme, when added to any personal pension contributions may push you over the annual allowance of £40,000.  Have you checked your situation? 

If your total pension benefits are over the new lifetime allowance of £1,000,000, or are likely to be in the future, you need to take action.  Have you checked your situation?

Retirement Options for dentists

You are now able to use new flexible drawdown rules and withdraw money from your SIPP or personal pension at whatever amount you decide is suitable for you. Previously, there was a cap in place on the maximum you could withdraw from personal pensions.

Most dentists need advice on their pension planning. Contact Tyas & Company of Crawley for a free initial consultation on 01293 843900, and find out how you are affected.


Contact Us

Our expert team are here to help.
Click to contact us


Book an Appointment

We're just a phone call or a click away
Click to book a meeting


Ask a question

Need some advice. Ask us now.
Click to send a message


Our tax app

Check out our free Tax App.
Click for more details


Stephen Tyas                             Stephen Ayres



Registered to carry on audit work in the UK as GBJ
Limited Liability Partnership by the Institute of
Chartered Accountants in England and Wales

Contact Us

Telephone: 01293 843900

Fax: 01293 614312

Email: office@tyas.com

5 East Park, Crawley, West Sussex, RH10 6AN



This website uses cookies to manage authentication, navigation and other functions. By using our website, you agree that we can place these types of cookies on your device.   Our Privacy Policy