The responsibilities of a consultant position also bring with it a range of financial issues and opportunities that need to be proactively managed in order to achieve the most beneficial position possible.
The expert RMT Medical team works with a growing number of consultants to assist them in both managing their present financial situation and planning for the longer-term.
Our specialist medical accountants are highly experienced in providing personal and tailored advice on a fixed fee basis around the most tax efficient structure through which you can operate your private practice.
They will advise on managing your regular financial reporting requirements, including how best to prepare your annual tax computations and returns, offset your personal and professional expenses against your tax liabilities and address your National Insurance contributions.
Support can also be provided on specific issues such as VAT, Inheritance Tax, budget and cash flow planning, as well as on proactively reviewing your membership of the NHS Superannuation Scheme in the light of the ever-changing NHS Pension Scheme in order to ensure your retirement provisions are properly planned out from the earliest possible opportunity.