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UK Dentists: Collect your verifiable CPD for this episode here >>> https://courses.dentistswhoinvest.com/smart-money-members-club

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The “go limited” advice gets thrown around dentistry like it’s a universal truth, but the real answer depends on one brutal question: do you need to take all the money out, or can you leave some inside the company with a plan? We sit down with chartered accountant Matthew Norton, who specialises in accounting for dentists across the UK, to unpack limited company vs sole trader decisions in plain English and with the numbers that actually drive the outcome.

We cover the foundations first: liability differences, the shifting admin reality as Making Tax Digital expands, and how corporation tax and dividend tax interact. From there, we get specific about dentist pain points, including the £100,000 threshold where personal allowance tapering and childcare changes can bite, and why a salary-only approach inside a company is rarely as clean as it sounds once employer’s National Insurance is considered.

For practice owners and mixed-income dentists, we go deeper into dental practice incorporation: selling goodwill into a new company, when capital gains tax might be worth paying, and how a director’s loan account can let you draw value back without dividend tax. We also talk NHS realities, from contract approval quirks to the NHS pension limitation for associates, plus how property ownership and future acquisitions can influence the structure you choose.

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Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional. Investment figures quoted refer to simulated past performance and that past performance is not a reliable indicator of future results/performance.

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