Category: Money Matters

Capita under fire over NHS Pensions problems

Doctors are up in arms over pension and primary care support shortcomings, the Financial Times’s FT Adviser reports.

How will having a lower income from sessional work affect my tax return this year?

What is income protection?

Income protection is a policy that provides GP locums with a replacement income if they are unable to work because of injury or illness. Kirsty McGaun explains how it works, and explodes a few old myths

One in four GP locums miss out on death-in-service, new NASGP survey finds

Of 158 responses, 25.3% said they couldn’t access death-in-service.

Ten tips for setting up your finances as a GP locum

Tell HMRC you're locuming, hang on to your receipts, tell your accountant about big moves and purchases, and get advice before setting up a company

The ‘firefighter fiasco’: how age discrimination in public pensions affects GP locums

The Government has confirmed that changes made to firefighters’ pension in 2015 were age-discriminatory, and they will impact all public sector pensions

Financial advice for GP locums working ‘overtime’

Beware of unforeseen financial impact on NHS pension, national insurance and tax, specialist medical accountant Liz Densley advises

NASGP’s legal advice on NHS Pension ‘Death in Service’ benefits

Thanks to generous donations from NASGP members, we commissioned advice from specialist employment lawyer Ray Levy and barrister Mary O’Rourke QC on ‘Continual Service Contracts' and death in service benefits during Covid-19

NHS England must not force GPs into ‘banks’

The one-size-fits-all model ignores the complexity of working as a GP locum

NHS pensions

We explain how the pension scheme works, and give you the tools you need to manage the admin correctly.

Setting the right locum rates

You need to charge rates that work both for you and for the GP practices that book you. We help you calculate what’s fair and profitable, and support you in negotiating the best terms.

Tax-free 
childcare (TFC) scheme during Covid-19

If you or your spouse/partner have ‘adjusted income’ under £100,000 in this tax year, you may be entitled to support under new rules

Death-in-service benefits from the NHS: Are you returning to work due to COVID-19?

Find out about the death in service benefit, and private options available to GP locums returning to work during lockdown

GP locums and the Self-Employment Income Support Scheme (SEISS)

Advice for GP locums claims SEISS income support during lockdown after losing work: who's eligible and how to claim

Relaxation of NHS Pension Form A rules during Covid-19

After a request from NASGP, the GP Locum NHS Pension Form A 10 week rule is being relaxed in England and Wales during the Covid-19 pandemic .

Financial assistance for locum GPs in relation to the Covid-19 pandemic

Advice on SEISS and Universal Credit for GP locums whose income has been affected by Covid-19.

NASGP appeal for Death in Service for NHS GP locums

Thanks to the NASGP, thousands of GP locums go to work every day with the assurance of contributing to a highly regarded work pension scheme.

Returning from maternity leave

Given how tricky it can be to return to work after maternity leave, it's a good idea for GP locums to get their taxes in order before they're back behind the desk

Delay of ‘Estimate Of Pensionable Income Form’ can result in maximum pension tier

If you're a salaried GP, now would be a very good time to check with your practice manager that they have included you on their 'Estimate Of Pensionable Income Form’ for year 2020/21

One year extension to NHS Pension employer contribution gap for GP locums

The original plan (Treasury to fulfil NHS pension employer contribution gap for one year) had been for practices in England and Wales to start paying the additional 6.3% from April 1st 2020 on all pensionable locum income paid from this date.

Parental benefits

The New Year seems an appropriate time to think about new babies, so here we consider some money matters you might need to think about.

New Type 2 NHS pension self-assessment 2018 to 2019 form now live

The new 2018/19 Type 2 Medical Practitioner self-assessment form and the companion guidance notes are now on the NHS Pensions website.

Working 
until i’m 67

Many of us are looking down the barrel of our ‘normal retirement age’ being 67. A chilling thought. One that drops to freezing when you think about how you’re going to finance the gap between when you want to retire and when you can actually afford to retire.

Locum’s widower loses second death-in-service appeal

A High Court appeals judge has rejected an appeal from Carl Sanderson, widower of GP locum Dr Helen Sanderson, that the NHS Pension scheme should have paid out death-in-service benefits.