Shares

Every year we allocate a share of any surpluses from our insurance business and our investments to each member and these bonuses accumulate to a cash lump sum which is available to you at retirement, currently free from income tax and capital gains tax.

Shares give you the right to participate in any surpluses made by Dentists’ Provident. How much of the surpluses are allocated to you depends on the number of Shares you hold. You have to pay a regular premium for your Shares and these premiums vary according to your age.

All members of Dentists’ Provident must hold at least 1 Share, but the maximum number you can hold depends on the level of income protection cover you have, subject to an overall ceiling of 2,000 Shares.

If you’ve chosen a packaged contract, you’ll be given a shareholding of 1 Share as standard, but you can choose additional Shares, unless you have a discounted package.

You can reduce or increase your shareholding at any time until your retirement age, within the limits permitted by your income protection cover. However, if you have a discounted package, you won’t be able to change your shareholding until after the end of the discounted period.

For more information on Dentists' Provident Shares, please click here.