While your NHS Pension is a key component of your financial future, effective planning requires a broader and holistic approach.

At Herald Wealth Management, we help medical professionals integrate all aspects of their wealth, ensuring that investments, protection policies, pensions, and tax planning work together in harmony.

For doctors, dentists, and senior NHS staff – especially those approaching Lifetime Allowance thresholds or running private practices – understanding the interactions between pension contributions, tax planning, and investment strategies is crucial.

But there’s no one-size-fits-all solution, so it’s essential to review your circumstances, objectives, and goals to create a robust strategy to meet your needs – both now and in the future.

We provide guidance on:

• Investments

Balancing risk, growth potential, and liquidity to support both short and long-term goals

• Protection

Life insurance, income protection, and key person policies to safeguard your family, business, and career

• Retirement Planning

Aligning NHS Pensions, workplace pensions, and personal savings for optimal outcomes

• Tax Efficiency

Managing pension contributions, Lifetime Allowance exposure, and structuring income from private practice.

Our holistic approach ensures that every financial decision is considered in context, reducing risk, aiming to maximise growth, and giving you confidence in your long-term financial strategy. We tailor solutions to your unique circumstances, providing clear guidance for busy professionals who want a complete and manageable financial plan.

The value of an investment with St. James's Place will be directly linked to the performance of the funds selected and may fall as well as rise. You may get back less than the amount invested.

The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief is generally dependent on individual circumstances.