Category: Money Matters

Financial news and advice for GP locums on tax, pensions, superannuation, rates and fees from specialist accountants, financial advisors and the NASGP

Locums lose hours on pensions paperwork after PCSE portal fails, drops auto-fill forms

Locums said PCSE’s errors had put them off the NHS pension altogether.

GPs ‘mistakenly given access to colleagues’ pension data’, campaigners report

NASGP urges any members who encounter this error to report it to PCSE, and on NASGP’s exclusive members’-only forum.

NHS pensions

How to avoid overpaying self assessment tax

Don’t pay more than you need to, specialist medical accountant Liz Densley warns.

How does IR35 affect GP locums?

IR35 only takes effect in an intermediary company (or partnership) between the GP and practice – so it doesn't affect sessional work.

Accountancy

GPs warn that higher indemnity costs will put more pressure on the workforce crisis

Not only does it make sense for indemnity costs to be provided by the NHS within which GPs work, but also that everyone is treated equally.

Call for review of GPs’ re-registration processes amid Covid-19 workforce crisis

Dr Hughes’ comments came just days before the publication of a highly critical report into how Covid-19 burnout is accelerating the NHS workforce crisis.

PCSE bank holiday pensions portal mistake alarms sessional GPs

A history of mistakes and errors has left GPs disappointed and nervous about changes by PCSE.

NHS pensions

GPs must be exempted from minimum pension age increase, BMA argues

Dr Fieldhouse, NASGP chair, said: ‘This government needs to stop micromanaging contributory work benefits like the NHS Pension Scheme, particularly at a time when we are trying to encourage more GPs to work in the NHS.'

NHS pensions

How will annual allowance charges affect me this year?

Don’t just assume you are below the limits, Liz Densley advises – make sure you are aware what your ‘pension inputs’ are.

GP locums must claim for £7.5k SEISS grants by June deadline, leaders warn

GPs must have filed a tax return for 2019/20 and worked (or expected to work) in 2020/21 to be eligible.

GP locums asked for IR35 exemption ‘proof’ by out-of-hours providers

GP locums across the South West, Home Counties and the Midlands have raised concerns that out-of-hours organisations are unnecessarily seeking to mitigate the changes.

Accountancy

Changes to Locum Form B 2021/22

The guidance notes advise that Box j is “to assist with declaring your correct tiered rate.”

GPs who got thousands in pensions compensation silenced by NHS gagging clause

Dr Richard Fieldhouse, chair of the NASGP, said: "GP Survival’s work has highlighted the lengths that PCSE is happy to go to in order to avoid being overwhelmed by their creaking systems as they seek to correct pension records."

NHS pensions

GP locums’ SEISS scheme maintained and expanded in new Budget

GP locums will be able to maintain access to financial support through the Self Employment Income Support Scheme (SEISS) until September 2021, and GP locums who joined the sector in 2019/20 will also be able to claim, according to the new Spring Budget.

Free membership scheme launches in Devon, Oxfordshire and Berkshire

Dr Richard Fieldhouse writes: “By enabling local GPs and practices to have unfettered access to NASGP resources, we provide the simplest way for practices to link in with local locums."

What does the McCloud consultation mean for my pension?

What are the practical implications of the McCloud consultation, and what do you need to do now (or not, as the case may be)?

Nine tasks for sessional GPs to prioritise before the end of the tax year 2020/21

It is the end of the tax year, and we must check we are in a good state to wave goodbye to 2020/21 and hello to 2021/22. We know you are all short on time so here is a quick guide to the things to tick off before it's too late.

Three ways new NHS Pensions changes could affect GPs

Annual allowance, compensation, and retrospective taxation could all hit GP locums and salaried GPs now, or in the next two years. Kirsty McGaun, Legal & Medical, advises

NHS pensions

No change to GP pension taxation, MPs rule

The Government has approved ‘deferred choice underpin’ but refused to change the rules on the tax-free pension allowance.

Pensions form A and B ‘10-week rule’ suspended for GP locums for the tax year 2021/22

NHS Pensions has confirmed that the ‘10-week rule’ for pension forms has been suspended for 2021/22.

NHS pensions

Pensions ‘traps’ put sessional GP income at risk, BMA pensions committee chair warns

Vishal Sharma, BMA pensions committee chair, highlighted ‘less than full-time work’ and parental leave – two of the key concerns for many NASGP members.

NHS pensions

Switching between salaried and freelance work

In 2020 greater incidence of GPs switching between salaried and freelance roles, rather than just having a mix of both, poses new questions for self-employed GPs, Liz Densley writes

Accountancy

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.

NHS pensions

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

Specialist medical accountant Liz Densley explains

Category: Money Matters

Locums lose hours on pensions paperwork after PCSE portal fails, drops auto-fill forms

GPs ‘mistakenly given access to colleagues’ pension data’, campaigners report

How to avoid overpaying self assessment tax

How does IR35 affect GP locums?

GPs warn that higher indemnity costs will put more pressure on the workforce crisis

Call for review of GPs’ re-registration processes amid Covid-19 workforce crisis

PCSE bank holiday pensions portal mistake alarms sessional GPs

GPs must be exempted from minimum pension age increase, BMA argues

How will annual allowance charges affect me this year?

GP locums must claim for £7.5k SEISS grants by June deadline, leaders warn

GP locums asked for IR35 exemption ‘proof’ by out-of-hours providers

Changes to Locum Form B 2021/22

GPs who got thousands in pensions compensation silenced by NHS gagging clause

GP locums’ SEISS scheme maintained and expanded in new Budget

Free membership scheme launches in Devon, Oxfordshire and Berkshire

What does the McCloud consultation mean for my pension?

Nine tasks for sessional GPs to prioritise before the end of the tax year 2020/21

Three ways new NHS Pensions changes could affect GPs

No change to GP pension taxation, MPs rule

Pensions form A and B ‘10-week rule’ suspended for GP locums for the tax year 2021/22

Pensions ‘traps’ put sessional GP income at risk, BMA pensions committee chair warns

Switching between salaried and freelance work

Capita under fire over NHS Pensions problems

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

Help

Contact