Category: NHS pensions

Advice on NHS pensions and superannuation for GP locums

Higher GP pension tiers outstripped by cost of living

Proposed increases bite amid cost of living crisis.

Inflation and the NHS Pension: proposed changes

Good news about your NHS pension scheme and annual allowance, writes Kirsty McGaun.

Lifetime Allowance swept away in Spring Budget 2023

AA raised to £60k, negative growth can be offset and tapered AA now £10k.

New pension flexibility for 1995 and 2008 scheme members

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’.

Changes to make GP retirement more flexible, ministers claim

The Government claims changes to NHS pension such as removing the 16-hour-a-week rule will allow more retirement flexibility, Pulse reports.

NHS pensions

GPs should ‘assume excess AA growth’, specialist IFA advises

Use the Ready Reckoner to estimate NHS pension cost and growth, McGaun added.

How to report excess AA growth without figures

Plus, two postponements that may affect GP pensions.

GPs’ deadline for Type 2 certificates looms

EOY certificates must be in by Tues 28 Feb.

NHS pensions

GPs urged to respond on pensions taxation

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.

NHS pensions

GP pensions issues ‘cost thousands’ in fees and sessions

GPs report spending thousands in legal fees, and ‘a session a week’ on paperwork.

NHS pensions

How to file pensions paperwork from 1 Oct 2022

Find out how to use pension forms on LocumDeck to apply new pension contribution rates

NHS pensions

BMA: Gov’s pensions solutions are ‘sticking plasters’

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.

NHS pensions

Annualisation versus whole time equivalent (WTE) pay

Tori Ferguson of Honey Barrett explains the difference between whole time equivalent pay and annualisation for GP locums

GP pensions cap should be abolished, Labour says

Experts warned the issue must be resolved this month.

NHS pensions

GP contribution rates will change from 1 Oct

Pensionable earnings 1 April to 30 September 2022 will still need to be annualised.

NHS pensions

‘One month to solve GP pensions crisis’, BMA lead warns

GP locums face a triple threat of pensions stress from 1 October.

NHS pensions

Ten-week rule for Locum Form B back on 1 October

GPs warned not to miss return of deadline.

NHS pensions

Why inflation hits GP pensions harder than hospital doctors’

GPs have a career average revalued earnings system that uses the dynamisation process to account for inflation, specialist financial planner Max Spurgeon explains.

‘National scandal’: MPs call for NHS pension overhaul

GP pensions are a ‘national scandal’ and the Covid-19 admin suspension should become permanent, a report by the Health and Social Care Committee warned.