Additional event information
Preparing for retirement
Friday 10 February 2012
Best Western Monkbar Hotel, York
Please click here to download a PDF copy of the seminar brochure
Special offer: buy one get one half price*
Have you thought about your retirement plan?
This is your opportunity to gather financial advice on retirement, as well as guidance on the more personal life-changing issues. Learn from, and interact with, our panel of experts offering you advice on how to manage the changes retirement brings, including financial planning, NHS pension scheme, disposing of the practice and much more. This seminar is aimed at GDPs considering retirement in the near future.
Optional Thursday lecture
Estate and inheritance tax plann ing - a FREE lecture worth 1hr CPD
Organised by Lloyd & Whyte, a BDA Plus company
In addition to the core Preparing for retirement content are also offering a lecture on Estate and inheritance tax planning, which is another consideration for you and your family as you move towards the later years of your life. This will be held the evening before the main seminar at each of the three venues. The lecture will look at how inheritance tax (IHT) is calculated, and the likely costs to your estate of failing to plan and put in place appropriate measures to reduce the impact of the tax on your estate value. We will look to dispel many of the myths about IHT and how it is charged, and the options available to help reduce the potential liability to your beneficiaries.
We have enlisted the help of specialist speakers who can help shed light on how to plan effectively and minimise the IHT associated with your estate. Looking at options such as gifts, the use of appropriate Trusts and effective estate planning to ensure more of your money passes to your beneficiaries rather than the taxman.
This lecture is free of charge if you book for the main Preparing for retirement seminar.
19:00 Registration and buffet refreshments
19:30 Lecture begins
20:30 Lecture finishes
Friday seminar programme
09:00 Registration, refreshments and exhibition
09:30 Opening remarks from the Chair
Ralph Davies, Retired GDP
09:35 Financial planning and pensions
- Planning your retirement solutions now.
- Managing your finances successfully during retirement.
- Other financial considerations including inheritance tax, long-term care and equity release.
Daniel James, Director of Business Development, Lloyd & Whyte – a BDA Plus company
10:15 Boosting your retirement income by thinking strategically
- Using commercial property in SIPPs to rocket your retirement fund.
- Using incorporation and ‘good will’ to increase the pound in your pocket.
- SIPP investments- stronger returns whilst leaving more money and income to your family
Mike Marigold, Managing Director, Montgomery Charles
10:45 Legal aspects of disposing of the practice
- Understanding the process involved in selling the practice and information you will need to provide.
- Tips for making the transaction run smoothly.
- Examining the legal costs involved.
- Issues arising in relation to the transfer of NHS contracts.
- CQC issues and dealing with them successfully.
Ray Goodman, Senior Partner, Goodman Legal
11:15 Morning refreshments and exhibition
11:30 NHS Pension Scheme and early retirement due to ill health
- Calculating your NHS pension for GDP’s and salaried practitioners.
- How early retirement and retirement due to ill-health or industrial injury may affect your pension.
- What happens if you reach 60 but do not draw your pension.
- Possible changes to the NHS Pension Scheme and how it will affect you.
Ralph Davies, Retired GDP
12:30 Lunch and exhibition
13:30 What is your practice worth?
- Economic climate vs. dental goodwill.
- Maximising your practice value before retiring.
- Exit strategy and your practice disposal planning.
Heather Meakin, Commercial Manager, MediEstates
14:00 Maximising value, and minimising tax, when you retire
- Maximising practice sale proceeds.
- Tax planning for the practice sale.
- Taxation of your retirement income.
- Action now for a tax efficient retirement.
Alan Suggett, Partner, UNW Chartered Accountants
14:45 Afternoon refreshments and exhibition
15:00 Retirement implications on practice staff
- Calculating redundancy payments when closing the practice.
- Transfer of undertakings (staff) when selling the practice.
James Goldman, Senior Business Advisor, Professional and Advisory Services Directorate BDA London, Friday 28 October 2011 only
James Dawson, Senior Business Advisor, Professional and Advisory Services Directorate, BDA
15:45 Managing the changes that retirement brings
- It’s not all about money.
- What does retirement mean to you?
- How to deal with change and changing relationships.
- Managing your time in retirement.
Robin Pomeroy, Partner, Planning Active Retirement
16:45 Closing remarks from the Chair
17:00 Close of seminar
Speakers
 | Ralph Davies Ralph owned a six surgery practice in Sutton-in-Ashfield, Nottinghamshire, which he sold to Oasis Dentalcare in 2000 and retired from practice in autumn 2004 and subsequently worked as a part-time adviser to the National Clinical Assessment Service. He is a past Chair of the BDA Representative Body and Pensions and Ethics Committees. Ralph has also served as Chair of the Dental Vocational Training Authority and as Dental Practice Adviser for North Nottinghamshire PCT’s. He is a member of the Wesleyan Medical Sickness Advisory Board. |
 | James Dawson James is a legal adviser in the Professional Advisory Services Directorate of the BDA, assisting members on legal matters including associate contracts and staff employment. |
 | James Goldman James qualified as a barrister in 1994 and has worked as an in-house lawyer, in the retail, recruitment and public sectors. He has provided advice on a range of employment and commercial issues, has appeared in a number of tribunal cases and has lectured on a range of topics. |
 | Ray Goodman Ray is a Senior Partner of Goodman Legal, Lawyers for Dentists, specialist dental solicitors. Based in Liverpool he and his team specialise in the sale and purchase of dental practices and ancillary matters. Using the latest in information technology and case management they operate on a national basis. He is a member of the Association of Specialist providers to Dentists (ASPD), Chairman of NASDA (National Association of Specialist Dental Accountants) Lawyers Group and a frequent contributor to the dental press on legal matters relating to the sale and purchase of dental practices. |
 | Daniel James Daniel is an Independent Financial Adviser with over 20 years experience in the finance industry. In his capacity as Director of Business Development at Lloyd & Whyte (Financial Services) Ltd, he has helped to develop the financial services proposition for the BDA membership benefits brand BDA Plus, including retirement planning solutions suited specifically for dental professionals. |
 | Mike Marigold Mike, Founding Director of Montgomery Charles and Practice Mentors brings a fresh approach to financial planning. His unrivalled specialist knowledge has improved dentist’s wealth and lifestyles for over a decade. His holistic approach to money uncovers financial opportunities that can transform retirement prospects. He understands that decisions made in practice directly affect the financial outcomes of the individual in their private lives. A regular contributor to BBC Radio and National Broadsheet news papers in Financial Planning matters his IFA and Practice Consultancy background proves to be a potent combination |
 | Heather Meakin Heather has many years of financial and commercial experience in large corporate and government funded companies. With further expertise in mentoring and sales training, she is passionate about providing excellent service and confidential advice with a very personal approach to ensure the best outcome for every client. Having been involved in the valuation process for over 400 practices in the last year alone, Heather offers a valuable insight into the current dental practice market, whilst helping clients to fully consider their options and make the most of their future acquisitions. |
 | Robin Pomeroy Robin is a partner in Planning Active Retirement, a consultancy that specialises in organising pre-retirement and post-retirement programmes. He is an Associate Fellow of the Preretirement Association and holds the University of Surrey’s post-graduate Certificate in Pre-retirement education and mid-life planning. |
 | Alan Suggett Alan is a Chartered Accountant and partner in unw LLP chartered Accountnts, leading the team which specialises in advising dental clients (currently acting for more than 120 dentists). Alan writes regularly for the dental press, and contributed to the Dental Practice Health Check which was published in late 2007. He is also a member of the National association of Specialist Dental Accountants (NASDA) and a member of the technical committee. Alan is the editor of the quarterly NASDA goodwill survey which analyses all NASDA member client practice valuations. |
The BDA would like to thank our sponsors for supporting this event:
 | Goodman Legal, Lawyers for Dentists are the experts in professional legal services for dental practices. Established in 1983, they have built their reputation on service, dedication and the quality of their legal advice. The Dental Practice Team headed by Senior Partner Ray Goodman, understands your commercial and professional objectives along with your legal requirements. They specialise in the transfer of dental practices, utilising the latest technology to provide thorough and timely advice with the least disruption to your life. They can advise on legal issues you should be aware of and put safeguards in place to protect your practice for the future as well as optimising your business for today. |
 | MediEstates, formally MediCruit, are the UK’s largest specialist dental consultancy, now established 11 years, offering both customised practice brokering services and recruitment solutions. They conduct marketing appraisals for prospective vendors which are both free of charge and without obligation. Their experience of knowing what a practice is worth is their specialist area. With over 1700 registered buyers, they take confidentiality very seriously and can provide a discreet service as their office is manned until 9pm weekday evenings. Due to their Premier Tier service a large number of practices are sold with no fees charged to the vendor. |
 | Montgomery Charles (MC) was formed in 1996 in order to help people make smart and well informed decisions about money. Founding Director Mike Marigold recognised the need to provide unbiased, fee-based holistic financial planning advice to both the individual and their business. He understood that decisions made in the business directly affected the financial outcomes of the individual in their private lives. With particular expertise in dentistry, MC help you create a financial life plan to fulfil your life time goals and aspirations. |
Seminar costs
BDA members: £230
Non-members: £300
Dental Care Professionals / non-dentist spouses: £170
Special offer: buy one get one half price!
Why not bring your partner to this event? A perfect way to face those retirement changes together. The cheapest place is charged half price. This offer cannot be booked online, so please call our booking hotline 020 7563 4590 to take advantage of this great offer!
The fee includes refreshments, a standing buffet lunch and all course documentation.
Accreditation
The seminar meets the educational criteria set by the GDC for verifiable CPD (6 hours) and is certified by the British Dental Association.
Hotel accommodation
If you wish to stay overnight during the event please contact Fresh! Reservations, our appointed hotel booking agency, direct on 0845 310 3333 or email them at bda@freshres.co.uk
Further information
For further information on the programme and arrangements for the seminar please contact:
Merete Ficken
Events Executive, British Dental Association, 64 Wimpole Street, London W1G 8YS
Tel: 020 7563 4590; Fax: 020 7563 4591; Email: events@bda.org
Cancellation policy
All cancellations must be received in writing either by fax to 020 7563 4591, or by email to events@bda.org, or by post to The Events Department, BDA, 64 Wimpole Street, London W1G 8YS. This must then be followed by a telephone call to confirm receipt. Cancellations received 29 days or more prior to the seminar will be entitled to a 100% credit voucher or refund. Cancellations received between 15 days and 28 days (inclusive) prior to the seminar will receive a 100% credit voucher or a 75% refund to attend a future BDA seminar. For cancellations received between 1 day and 14 days (inclusive) prior to the seminar, no credit voucher or refund will be given. Failure to attend the event on the day will constitute late cancellation and no credit voucher or refund will be given. Substitutions are welcome at any time. Due to unforeseen circumstances, the programme may change and the BDA reserves the right to cancel the event or alter the venue and/or speakers.
Exhibition, promotion and networking opportunities at future events
Are you interested in meeting established dentists and their teams? Do you want to strengthen ties with existing customers?If your answer is YES then you really need to be part of a small, exclusive group of exhibitors to successfully promote your products and services. For more information please contact Peter Cowie, Events Marketing and Sales Executive on 020 7563 4578 or email peter.cowie@bda.org
