Partner leaving

Q:I took 24-hour retirement at 60 in 2007. For the past year I have been off sick and I am retiring from the partnership next month after working there for more than 30 years as a full-time principal. I have not worked for the past year but as I get better I may do a few locum sessions. Do I need to continue paying national insurance? On leaving the partnership, will I get my proportional payment for the month? Would I be entitled to any more money later on which is paid in arrears? If so what? What happens to my capital account and my share of the balance at the bank and the practice's assets?

by Jenny Stone

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