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Preparing for retirement PART 2 (WEBINAR RECORDING)

Event Type
BDA ONLINE COURSE
Event Subject
Business management
Topics
 
Date
Wednesday 11 November 2020 - Monday 1 February 2021
Time
00:00 - 02:00
Venue
BDA e-learning
Address
www.bda.org/ilearn, ONLINE
Speakers
 
Booking Fees
  • Essential Member: £40.00
  • Expert Member: £40.00
  • Extra Member: £40.00
  • Senior member: £40.00
  • Non member: £60.00
  • Student member: £40.00

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ONLINE EVENT: RECORDING

Preparing for retirement – Tax planning and practice sales

A recording of an online event that took place on Wednesday 11 November 2020.

This session is applicable for practice owners


Additional on-demand Preparing for retirement sessions:

 

Preparing for retirement – Financial planning - this session is applicable for associates, salaried service dentists and practice owners

Preparing for retirement – Practice disposal and avoiding post-sale problems - this session is applicable for practice owners


Sponsored by:

Goodman Grant SolicitorsMediestates

 

The BDA's longstanding Preparing for retirement seminar was delivered live and online in November 2020 and is now available to view on-demand until early January 2021.

The online event has been delivered in three, easy-to-access sessions, with the same great content and speakers. You can book all three parts of the online event to gain financial advice on your retirement and understand the issues associated with selling your practice. Alternatively, you can book one or two of the events depending on your current needs.

 

Aim:

This online event will provide the participant with a guide to tax planning when preparing for retirement and help maximising the value of their practice when selling.

 

Learning objectives:

  • Learn how to maximise value and minimise tax when you retire
  • Evaluate what your practice is worth.

Learning content:

The online event will provide the participant with the tools needed to successfully start planning their retirement.  This will be done through a series of two lectures.

 

Programme

19:00 Maximising value, and minimising tax, when you retire
  • Tax planning for employed, self-employed and incorporated dentists
  • Tips for making sure your NHS pension is correctly recorded
  • Maximising practice sale proceeds
  • Taxation of your retirement income
  • Actions to take now for a tax-efficient retirement.

Alan Suggett, Dental Partner, UNW Chartered Accountants

20:00 What is your practice worth?
  • Fluctuation of dental goodwill values over 15 years
  • Process of selling and maximising your value
  • Exit strategy and your practice disposal planning.

Scott Gidman, Practice Valuation Manager MediEstates

Peter Cummings, Practice Valuation Manager, MediEstates 

21:00 End of event

 

Fees

​Member ​£40 per online event
​Non-member ​£60 per online event
​DCP ​£20 per online event
​Non-dental spouse ​£20 per online event


The above fees apply to the online version of this event.

 

How to watch

In order to view the recording from this event, please ensure you are logged into the website and then you will be able to register for the session using the pink 'Register' button above (top right).

Once you have completed the registration process for the webcast you will receive an automated email containing the link through to view it on the iLearn platform.

Please note it can take a little while for details of new orders to pass between servers. If after receiving your confirmation email you have successfully logged in, but the lecture is not appearing on your iLearn profile, please do give it a few more minutes and refresh your browser if you still have it open. The new session will appear in the top left when it has made it over to your account.

If you are a BDA member but do not know your website log in, contact the Events team on 020 7563 4590 or events@bda.org.  Alternatively retrieve a password reminder.

If you are a non-member dentist or dental care professional and do not already have a BDA website login, please fill in this form and we'll set you up with a username and temporary password. Alternatively you can  download the booking form and return it via email to events@bda.org or call the Events team on 020 7563 4590 and your order will be processed offline.

Should you experience any difficulties please contact the Events team on 020 7563 4590 or email events@bda.org

 

About the speakers

Peter Cummings ​Peter Cummings

Practice Valuation Manager, MediEstates

Peter has over 25 years' experience in the Dental industry working for both an industry leading corporate and also independent dental marketing companies. His expertise includes business development, marketing and sales, recruitment, project management and team management. Peter is responsible for conducting detailed business appraisals and valuations with practice owners to assist them with their exit strategy. His extensive knowledge of all aspects of dentistry enables him to provide valuable market insight and advice which is tailored specifically to the dental practice owners business.

Scott Gidman Scott Gidman

Practice Valuation Manager, MediEstates

In his role as a Practice Valuation Manager for MediEstates, Scott spends the majority of his time in front of Dental Practice Owners providing a relevant insight into the current dental practice market. With each client's circumstances and aspirations being completely different from the next, it is very important to establish the most appropriate route by which to achieve the clients' preferred outcome. Before joining MediEstates in 2013, Scott spent several years working for Vodafone and RBS and so brings a wealth of knowledge and experience from other sectors; his financial background proving extremely advantageous to this role. Outside of work Scott enjoys watching and playing most sports, including football, cricket and rugby.

Alan Suggett

Alan Suggett
Dental Partner, UNW Chartered Accountants

Alan is a Chartered Accountant and partner in charge of the Dental Business Unit of UNW LLP chartered Accountants (currently acting for more than 400 dentists). Alan writes regularly for the dental press. He is also a member of ASPD, and the National Association of Specialist Dental Accountants and Lawyers (NASDAL) and a member of the technical committee. Alan is the editor of the quarterly NASDAL goodwill survey which analyses all member client practice sales and valuations

 

Thank you to our sponsors - Goodman Grant and MediEstates

 

Goodman Grant Solicitors Goodman Grant Solicitors

Headed by NASDAL Lawyers Group Past Chairman Ray Goodman and ASPD Past Chairman John Grant, there is no law firm in the country better equipped to provide solutions to dentists’ legal issues. With over 75 years combined experience and the largest team of specialist dental lawyers in the country, Goodman Grant has a comprehensive understanding of the commercial and professional objectives of dental practices, along with the relevant legal requirements.
We are experienced in dealing with the intricacies of dental law which enables us to efficiently handle the specific requirements of the dental industry. As a specialist practice our team deals with dental practice transactions on a national basis from our offices in Liverpool, Leeds and London. Our scope is not limited to dental practice sales and purchases, with experts in each area we are well equipped to assist dentists with all of their legal requirements.

Mediestates MediEstates

MediEstates is a family run business that has grown and developed alongside the dental industry and is now acknowledged as the largest specialist broker of Dental Practices in the UK. Our signature approach, personable yet highly driven, has seen us set the benchmark service standards within the sector. Selling your practice can be a difficult time, our expert advice is there to ease the process and inform you at every stage. Alongside our sister companies of MediCruit and MediFinancial we form the UK’s largest dental consultancy company and have the know-how to make your sale as effortless as we can.

 

CPD

Development Outcomes: B and D

2 hours CPD

 

A CPD certificate (in the name of the purchaser) will be available to download once viewing of this online lecture has been completed.

 

Further information

Should you have any questions regarding this online event please email the team events@bda.org