STOP Losing Money on Your Pension Today!

Get a low fee SIPP Account with InvestEngine and enjoy £50 welcome bonus. T&Cs apply. https://investengine.pxf.io/sippdoctor

Summary

This video provides information on pension options for limited company directors, specifically targeting Locum doctors, agency nurses and healthcare professionals. It explains the benefits of setting up a private pension through a limited company and the tax advantages associated with it. The video also discusses the annual pension allowance and how to maximize contributions. It explores different private pension options, such as Self-Invested Personal Pensions (SIP) and Small Self-Administered Schemes (SAS).

Free Resources
📧 Subscribe to the Moneywise Doctor newsletter for exclusive updates and practical financial insights for doctors, dentists, nurses and NHS Staff
https://moneywisedoctor.com/subscribe-newsletter/

Get Paid for Taking Medical Surveys
https://sermo.pxf.io/moneywisedoctor

Get a SIPP Account with InvestENgine: investengine.pxf.io/moneywisesipp

Financial Health Quiz: Check your financial health score with a quick quiz.
https://moneywisedoctorquiz.scoreapp.com

💼 Access a free life insurance guide tailored for doctors, nurses, dentists and NHS staff
https://moneywisedoctor.com/navigating-insurance-options-for-doctors-doctors-dilemma/

📥 Download the free guide for first-time buyers and remortgage advice.
https://moneywisedoctor.com/download-guide-from-renting-to-buying/
Takeaways

Setting up a private pension through a limited company can provide tax advantages for healthcare professionals.
The annual pension allowance for limited company directors is £60,000.
Different private pension options, such as SIP and SAS, offer flexibility and investment control.
Prioritizing pension contributions over dividends can lead to significant tax savings.
Understanding tax rates is crucial in optimizing dividend income.
Subscribing to the channel and sharing the content can provide access to valuable financial insights.

Chapters

00:00 Introduction: Pension Options for Limited Company Directors
03:01 The Importance of Pension Planning for Limited Company Directors
04:22 The Increased Annual Pension Allowance
06:11 Exploring Private Pension Options: SIP and SAS
08:25 Maximizing Retirement Savings through Pension Contributions
10:41 Understanding Tax Rates for Dividend Income
15:11 Conclusion: Subscribe and Share for Valuable Financial Insights
Recommended Books
The Psychology of Money https://amzn.to/4bD33qP
Rich Dad Poor Dad https://amzn.to/3wmXuN1
The Millionaire Next Door https://amzn.to/499dyR3
The Intelligent Investor https://amzn.to/499RtC8
I Will Teach You To Be Rich https://amzn.to/48efNkP
The Richest Man in Babylon https://amzn.to/3OEpan3
Money, Master the Game https://amzn.to/3wbdwtA
The Simple Path to Wealth https://amzn.to/49d1M8l
The Little Book of Common Sense Investing https://amzn.to/3wfXzCp
Don't Fall For It https://amzn.to/3wdP76B
Where Are the Customers' Yachts? https://amzn.to/3weUh2e
Fooled by Randomness https://amzn.to/3UxZzzW
Bonus Book: The Little Book That Still Beats the Market https://amzn.to/498BjZy

Видео STOP Losing Money on Your Pension Today! канала MONEYWISE DOCTOR
nhs, nhs pension, Keywords pension options, limited company directors, healthcare professionals, private pension, annual pension allowance, SIP, dividend income, tax rates, sippfordoctors, self-invested personal pension, locum doctor pension, agency nurse pension, limited company director pension, private pension for doctors, private pension for doctors uk, investment for doctors, pension allowance explained, sipp explained, ISA vs SIPP, NHS pension vs sipp, sipp vs nhs pension