Retiring from dentistry

When your dentists’ income protection plan ends, or if you are over 50 and either retire or have a change in your personal circumstances so that you no longer need income protection cover, then you can choose to move onto our retired dentists’ plan. This plan allows you to remain a member and continue building up your bonus account even though you no longer have income protection cover.

What does this plan give me?

This plan allows you to continue to save with us and share in our surpluses after you no longer need income protection insurance. You have greater flexibility and control over your bonus account and you can access it immediately without any penalties. You can use this account to help fund your retirement, long term care or just leave it to continue growing – it’s up to you.

The size of your bonus account depends on the number of shares you have and if you decide to continue your membership with our retired dentists' plan then, just before your dentists' income protection plan ends, you will have a final opportunity to increase your shareholding to the maximum available. However, once you join our retired dentists' plan, you cannot increase your shareholding, although you can reduce your shareholding at any time.

What should I do if I want to retire?

Let us know as soon as you are thinking about retiring, or if you don't need your cover. Our member services team can run through the options available to you, and discuss the impact of the shareholding you choose on how your bonus account may grow over time, if you decide to move onto our retired dentists’ plan.

My shares and bonus account

The number of shares you hold has a key role in the size of your bonus account. Our shares don’t have a value in their own right, unlike a stock market share which increases or decreases in value.

You pay a regular premium for each share you hold. This gives you the right to a share of the surpluses we make on our insurance business. So, the number of shares directly affects the amount credited to your bonus account each year as dividends.

Every year we add a dividend to your bonus account, based on your shareholding during the year. We also credit your bonus account with interest, based on the performance of our investments. The dividends and interest accumulate over your membership.

Depending on our financial performance over your membership, you may also receive a terminal bonus.

Although we aim to provide a smooth rate of growth, ironing out fluctuations in investment returns, we do not guarantee our future rates of dividend, interest or terminal bonus. The rates are reviewed regularly and can change without notice.


A member's case study

Robert joined Dentists’ Provident over 60 years ago when he graduated from his dental school but continued as a member after he retired...

Read more here 

Did you know?

A study that looked at the causes of premature retirement in dentists due to depression, anxiety and stress found that nearly half of all respondents felt it was directly related to pressures from work.

BDJ Sept. 2010.


For further information, please read the key features of our retired dentists’ plan and our rules.


If you have any questions, please contact our member services consultants by e-mailing or calling 020 7400 5710 or log into your member account at member login.


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