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  3. Finances and indemnity

In this section you will find expert advice and support on financial management, tax, pensions, insurance and professional indemnity.

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Exclusively for BDA members

National insurance and employment allowance calculator

Our national insurance and employment allowance calculator is designed to help you estimate how Budget changes may impact your practice. Simply enter your practice details for a personalised estimate of the changes to your national insurance costs. This tool is only available to BDA members, so you will need to be signed in to download it.
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Advice

Pensions

Remediable Pension Savings Statements

What you need to know regarding these statements, and where to find relevant advice externally.

Advice

Business finances

Tax

A basic overview of your various possible tax obligations in the dental practice.

Advice

Pensions

NHS and public service pension age discrimination remedy (England and Wales)

A brief introduction to the McCloud remedy in England and Wales and advice on how it will work.

Advice

Pensions

NHS Pensions in the salaried services 1995 and 2008 sections

An overview of the main elements of the NHS Pension Scheme in relation to dentists working in the salaried services within a hospital, community or salaried general dental service setting

Advice

Pensions

Lifetime allowance

Advice on lifetime allowance (LTA) in the dental practice, which limits the amount that you can save into registered pension schemes on a tax efficient basis.

Advice

Pensions

NHS pension information statements

Keep track of all your pensions benefits; NHS and private.

Advice

Pensions

Calculation of NHS net pensionable earnings (England and Wales)

A guide for pensionable earnings (NPE), the basis for working out how much NHS pension a dentist is entitled to.

Advice

Pensions

Prison dentists: access to NHS pensions scheme

Advice for prison dentists previously incorrectly excluded from the NHS pension scheme, whose contributions can be included retrospectively since February 2021.

Advice

Pensions

NHS pensions 24-hour retirement for sole providers

Advice about 24-hour retirement for sole provider dental practitioners to receive pension benefits.

Advice

Pensions

GDS 2015 Scheme

Overview of the 2015 NHS pension scheme. which differs significantly from the 1995 and 2008 sections of the previous scheme.

Advice

Pensions

Annual allowance

Everything you need to know about the NHS pension and your annual allowance.

Advice

When things go wrong

Indemnity and clinical representation

Advice on the appropriate indemnity cover and clinical representation in the dental practice.

Related events & courses

ICON EVENT ONLINE
Event

Achieve more value from your practice (webinar recording)

Free for BDA members: A recording of a webinar that took place on 6 November when Dental Elite and a team of panellists discussed how events since the Election in July 2024 have impacted the commercial, legal and financial considerations in the running and sale of dental practices.

Dento Legal Eye Image
Event

Prevent, avoid, stop! Cutting out complaints

The world has changed. This dento-legal seminar day on Friday 21 March will explore the current professional environment and the landscape of patient expectations, satisfaction/dissatisfaction and complaints. The day is full of practical, relatable advice to help you thrive, and avoid complaints and litigation so you can save time, stress and money.

Further reading

Blog

Wednesday 2 Oct 2024

Dental nurse indemnity: What you need to know

It is illegal to practise without indemnity whether you are a dentist, a dental therapist, or a trained dental nurse. The indemnity required by the GDC for a dental nurse must cover claims from patients relating to clinical treatment, or advice provided by the dental nurse.

Blog

Wednesday 21 Aug 2024

Reflecting on five years of BDA Indemnity

Our team celebrates the milestone by reflecting on their experiences in designing comprehensive cover and support for dental professionals, and what makes it different.

Blog

Monday 22 Jul 2024

GDC Interim Order Committee publication changes: Can more be done?

Are the latest revisions announced by the GDC adequate to address the issues?

Blog

Friday 19 Jul 2024

Moving from NHS to private practice: Our life beyond the UDA event

A look ahead at our one-day event in September for dentists who want to run flourishing, profitable businesses.

Blog

Wednesday 10 Jan 2024

Annual Allowance and the NHS Pension Schemes for Tax Year 2022/23

Following our lobbying, we revisit and explain the changes made to the Annual Allowance calculations for the tax year 2022/23.

Blog

Tuesday 13 Jun 2023

The difference between occurrence-based and claims-made indemnity

Len D'Cruz: Choosing the wrong indemnity cover can potentially leave a practitioner seriously out of pocket.

Blog

Thursday 11 May 2023

Topping up NHS charges with private fees accepted in Appeal Court decision

NHS regulations were in the dock recently. Len D'Cruz and Kevin Lewis examine the decisions and outcomes.

Blog

Thursday 16 Mar 2023

Welcome news on NHS pension changes

Some much-needed lifting of restrictions and fixes to pension scheme problems are long overdue.

Blog

Wednesday 1 Mar 2023

Moving away from NHS commitment and the impact on pension savings

Your NHS pension can be affected by decreasing levels of NHS work, something often triggered by diversifying into private general practice.

Blog

Thursday 23 Feb 2023

The challenges facing dental students of today

Students today face several challenges, from managing finances and fees alongside cost of living to the dedication and hard work required to complete the course.

Blog

Wednesday 2 Nov 2022

Positive government intervention on pensions

In a recent announcement, the Government confirmed that mitigations will be made to compensate for increased charges on pensions. We explore what this may mean for your pension pot.

Blog

Tuesday 1 Nov 2022

Dentists stuck between a rock and a hard place

Are you facing an impossible choice between providing care for your NHS patients and the survival of your business?

More blogs
Here when you need us

Choose BDA Indemnity

BDA Indemnity offers unparalleled protection and flexibility to our members. Our indemnity policy is occurrence-based, so when an incident occurs under the policy, you are covered forever. Plus, it's contractual - not discretionary like mutual defence organisations.
Learn more
Dr Dev Patel looks at the camera through a light blue shield signifying protection
Here when you need us

Choose BDA Indemnity

BDA Indemnity offers unparalleled protection and flexibility to our members. Our indemnity policy is occurrence-based, so when an incident occurs under the policy, you are covered forever. Plus, it's contractual - not discretionary like mutual defence organisations.
Learn more
Dr Dev Patel looks at the camera through a light blue shield signifying protection. There's a dark blue badge marking BDA Indemnity's 5th anniversary in the upper left hand corner.