Category: Money Matters

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

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

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.

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. 

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

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?

Specialist medical accountant Liz Densley explains

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.