Specialist financial advice for your personal and practice finances
Practice Plan are proud to be part of the Wesleyan group. Wesleyan Financial Services is the financial specialist for the society’s most trusted professions, including dentists. With Wesleyan Financial Services and Practice Plan being part of the same group, this is great news as it means that the door is open for you to access a wider range of support and services. Together, we can really cater for your needs and can help guide you through each life stage of your career and personal life to help your finances thrive.
As you train to become a dentist, our specialist financial advisers from Wesleyan Financial Services are here for you every step of the way – with expert guidance and protection to help you get your career off to a strong start.
We also have the Next Step initiative to make your transition into the workplace a little easier, bringing together events, workshops, online content and more. You can access advice from financial experts and dentists who have been in your shoes. Visit www.wesleyan.co.uk/the-next-step to find out more.
We are here to protect you, your practice and your family – now and in the future. Getting the right protection in place isn’t straightforward when you take into account the peculiarities of a career in dentistry.
We can support you with cover that’s right for you. It’s equally important to protect your family and lifestyle.
Getting on the property ladder can be difficult, particularly if you’re self-employed and at the start of your career. We work with a range of lenders who have an understanding of how dentistry works and are prepared to take a more holistic view of your financial position than many of the high street lenders.
Our Specialist Financial Advisers work closely with these providers to find the right mortgage for you, no matter where you are on the property ladder.
Wesleyan Financial Services Ltd is a credit broker, not a lender. Your property may be repossessed if you do not keep up repayments on your mortgage.
When we say we’re all about you, we mean your family too and they can benefit from the same financial planning support to help their finances flourish.
As a parent, nothing matters more than giving your children the best possible start in life. It’s never too early to start planning for the costs of supporting your children’s future. Whatever your child’s age, we can help you plan how you can support them through each milestone in their life.
The value of your investment can go down as well as up and you may get back less money than you invested.
You may think that all that pension stuff is a million miles away – particularly when you’re at the height of your career in dentistry. However, the sooner you start putting the right plans in place, the bigger the benefits are further down the line.
Get a head start on your retirement fund by exploring your pension options. Or get specialist help on the NHS Pension Scheme from our experts, recognised by the NHS as able to provide support on this complex financial planning area.
Buying a Practice
When you’re looking to take this exciting step in your career, but are unsure of where to start, we can help you get the keys to your own practice.
Whether it’s getting to grips with the best business structure, supporting you through the application or protecting the borrowing, support will be available to you every step of the way.
And if you want to invest into your business, we’ve got the contacts to support with asset finance and property development funding.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Wesleyan Financial Services Ltd. is working in partnership with Watts Commercial Finance Ltd. to provide a number of business finance solutions. Authorised and regulated by the Financial Conduct Authority (FCA), Watts Commercial Finance Ltd. is a broker with access to the whole of market. Wesleyan Financial Services Ltd. will receive commission from Watts Commercial Finance Ltd. upon completion of the loan. The amount of commission received is variable.
Please note that the FCA does not regulate commercial mortgages.
Savings & Investments
When you have an excess of funds sitting in your personal or business accounts, investing could help you grow your money faster than simply saving, but it can be a little daunting knowing where to begin.
At Wesleyan, you can access award-winning advice and fund management from a team that’s focused on ensuring your investments are right for you and your business.
The value of your investment can go down as well as up and you may get back less money than you invested. Capital at risk. Investment advice is provided by Wesleyan Financial Services.
Retirement is more than planning your pension. We consider ourselves more like life coaches when it comes to your retirement – we can help you with the NHS Pension Scheme and accessing your pension benefits, plus put steps in place to ensure you can retire with the lifestyle you want.
And, if you’re a principal dentist or practice partner who needs to sell your business, we have experience in helping you build a successful exit strategy to avoid any delays.
Inheritance Tax Planning
It’s not the nicest thing to think about, but as a dentist, you could be leaving a big inheritance tax (IHT) burden behind after you’re gone. That’s something you don’t want your loved ones to inherit.
With lots of rules, exceptions, and reliefs, IHT can get quite complicated – but we’re on hand to help you keep your hard-earned money out of the taxman’s pocket.
If you’re smart with your money – and start planning sooner rather than later – there are ways to help minimise IHT.
The Financial Conduct Authority does not regulate inheritance tax planning.
Estate planning is about making sure that all the things you own – whether it’s property, savings or investments – are passed on efficiently and in line with your wishes when you die.
Then there’s the complexity of what happens to your practice if you’re a practice owner or part of a partnership to think about.
A solid estate and business continuity plan means peace of mind for your family’s future – ensuring you’ve saved enough for retirement and that you’re providing for your family after you’re gone.
The Financial Conduct Authority does not regulate inheritance tax planning. The value of your investment can go down as well as up and you may get back less money than you invested.
01 Student Support
02 Protection Advice
03 Mortgage Advice
04 Family Finances
05 Pension Support
06 Buying a Practice
07 Savings & Investments
08 Retirement Planning
09 Inheritance Tax Planning
10 Estate Planning
How Wesleyan Financial Services can support
Take a listen to associate dentists, Julian and Fiona Keen, as they share their experience with Wesleyan Financial Services when planning for retirement. You can also listen to Iain Stevenson, Head of Dental at Wesleyan Financial Services discuss why you should consider Wesleyan Financial Services and the ways in which they can help.
The next step...
That's simple - a no-obligation chat to find out more, pop in your details and we'll be in touch, or contact us directly on 0808 239 3882
Practice Plan Limited (Registered in England and Wales No. 03089948) is a part of the Wesleyan Group. Registered office: Cambrian Works, Gobowen Road, Oswestry, Shropshire, SY11 1HS Telephone number: 01691 684120. Website: www.practiceplan.co.uk. Practice Plan Limited is an introducer appointed representative of Wesleyan Financial Services Limited.
Wesleyan Financial Services Ltd (Registered in England and Wales No. 1651212) is authorised and regulated by the Financial Conduct Authority. Registered Office: Colmore Circus, Birmingham B4 6AR. Telephone: 0345 351 2352. Calls may be recorded to help us provide, monitor and improve our services to you.