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Advice on NHS pensions and superannuation for GP locums
But GPs with pensionable earnings of £75,633 per year or more will pay lower NHS pension contributions rates from April 2024.
Adrian Cousens, director of RSM UK, presented a half-hour event with a Q&A for NASGP on 5 October.
LocumDeck has already introduced the new pension forms to be used from October 2023 onwards.
Join our free event, 'Starting out with locum accounts', to learn more about how to manage your NHS pension, and how the McCloud remedy affects you.
GPs may benefit from proposed changes to NHS Pension Scheme Regulations according to a new Government consultation.
Proposed increases bite amid cost of living crisis.
Essential info on Locum Form A and B.
Good news about your NHS pension scheme and annual allowance, writes Kirsty McGaun
AA raised to £60k, negative growth can be offset and tapered AA now £10k.
As of April 2023, it is proposed that members of the 1995 and 2008 sections of the NHS pension scheme can access their pension and lump sum without the need to ‘retire and return’.
Locumdeck's Bookkeeper updates itself completely automatically from the info generated in LocumDeck.
The Government claims changes to NHS pension such as removing the 16-hour-a-week rule will allow more retirement flexibility, Pulse reports.
Use the Ready Reckoner to estimate NHS pension cost and growth, McGaun added.
Plus, two postponements that may affect GP pensions.
EOY certificates must be in by Tues 28 Feb.
We explain how the pension scheme works, and give you the tools you need to manage the admin correctly.
GPs should protect their pensions by responding to a new government consultation on taxation, the BMA’s National Clinician Adviser on Pay & Pensions and deputy chair for pensions advised.
GPs report spending thousands in legal fees, and ‘a session a week’ on paperwork.
Find out how to use pension forms on LocumDeck to apply new pension contribution rates
Dr Vishal Sharma warned that inflation and problems with the Finance Act meant that many GPs will be forced into retirement by huge tax bills on ‘non-existent’ pensions growth.
Tori Ferguson of Honey Barrett explains the difference between whole time equivalent pay and annualisation for GP locums
Experts warned the issue must be resolved this month.
Pensionable earnings 1 April to 30 September 2022 will still need to be annualised.
GP locums face a triple threat of pensions stress from 1 October.
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