Sunny Bharj
Independent Financial Adviser
Tony Springer
Independent Financial Adviser
GPs and dentists in the NHS Pension Scheme, and partners in solicitors' LLPs, each face their own pension tax rules, and a practice sale has its own capital gains tax rules.
We advise on the pension and the proceeds, and work alongside your accountant on the tax.
HMRC Pensions Tax Manual and gov.uk. Checked 13 October 2026. 2026/27 rules. The Budget on 28 October 2026 can change them.
Pension growth in the NHS scheme is measured against the annual allowance each year, and the McCloud remedy changes which benefits apply to service from 2015 to 2022.
Pharmacies, dental practices, vet and optician practices are taxed on a sale under the same capital gains tax rules, with Business Asset Disposal Relief where the conditions are met.
A partner pays into a pension personally and claims the tax relief through Self Assessment.
Yes. The growth in your NHS benefits each year counts, together with anything paid into any other pension.
The capital gains tax rules are the same. What differs is how the sale is structured, as shares or as assets, and whether you meet the relief's conditions.
A payment from the partnership account can count as the partner's own contribution when it is clearly theirs and charged to them.
Tax treatment depends on your circumstances and on current rules, which can change. The Financial Conduct Authority does not regulate tax advice. The value of investments can fall as well as rise and you may get back less than you invest.
The growth in your NHS pension each year is measured against a £60,000 allowance, or less if your income tapers it.
Read the answer →The NHS scheme pays your annual allowance charge to HMRC and reduces your pension to cover it.
Read the answer →For service from April 2015 to March 2022, affected members choose between legacy and 2015 scheme benefits.
Read the answer →Yes, two ways: NHS earnings through a company holding the contract, and company contributions to a personal pension.
Read the answer →On a £1,200,000 gain, about £227,280 for a higher rate taxpayer with the full relief available.
Read the answer →Capital gains tax at 18% on the first £1 million with the relief, and the structure of the deal decides whose gain it is.
Read the answer →The upfront price is taxed at the sale, and how later payments are taxed depends on whether they can be valued.
Read the answer →A partner pays in personally, the provider adds 20%, and higher rate relief is claimed through Self Assessment.
Read the answer →Independent Financial Adviser
Independent Financial Adviser
Twenty statements about money that sort into four patterns, with a written report on the pattern your answers fit.
The first conversation takes about twenty minutes and is at no cost to you. Tell us what is on your mind: a pension you have lost track of, a fixed rate ending, a will you keep meaning to write.