LocumDeck
0161 504 8999
info@nasgp.org.uk
Advice on NHS pensions and superannuation for GP locums
EOY certificates must be in by Tues 28 Feb.
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.
GPs warned not to miss return of deadline.
GPs have a career average revalued earnings system that uses the dynamisation process to account for inflation, specialist financial planner Max Spurgeon explains.
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.
The BMA can undertake a judicial review into the ‘unlawful’ handling of NHS pensions, Pulse reports.
Tori Ferguson on how the rising cost of living affects the NHS Pension Scheme.
Capita has secured an extension to keep delivering PCSE pensions services until 2025, Pulse reports.
A GP could face an charge of almost half their post-tax income, Dr Tony Goldstone warned last week.
Nearly 20,000 errors may affect NHS England’s assessment.
Practices that pay a rate inclusive of pension contributions ‘shouldn’t be doing so’, specialist medical accountants advised this week.
While pensioning your locum income sounds simple enough, you do need to understand the rules to avoid some potential issues, write Liz Densley and Abi Newbury of Honey Barrett.
On 1 October top rates will fall from 14.5% to 12.5% over the course of two years, reducing contribution costs for GPs.
Dr Richard Fieldhouse, NASGP chair, said: 'The biggest issue that the NHS faces is the welfare and resilience of its workforce, and a properly administered pension scheme that is simple to use and access will go a long way to supporting that.'
The BMA has taken the first steps towards a judicial review into the cost of age discrimination.
Locums said PCSE’s errors had put them off the NHS pension altogether.
NASGP urges any members who encounter this error to report it to PCSE, and on NASGP’s exclusive members’-only forum.
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