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How inflation affects GP pensions

How inflation affects GP pensions

Tori Ferguson on how the rising cost of living affects the NHS Pension Scheme.

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How 2022 annualisation affects sessional GPs

How 2022 annualisation affects sessional GPs

What if payments have been made at the wrong rate? All the advice sessional GPs need on annualising income.

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Ten common questions about locum pensions

Ten common questions about locum pensions

Essential info on Locum Form A and B.

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How the Spring 2022 statement affects GPs

How the Spring 2022 statement affects GPs

Honey Barrett summarises the key info GP locums and salaried GPs need to know.

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Pension Scheme contributions for NHS locums

Pension Scheme contributions for NHS locums

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.

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Self assessment extension: advice for GP locums

Self assessment extension: advice for GP locums

Should GPs use the extension or not? Specialist medical accountant Liz Densley advises.

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Managing cashflow as a GP locum

Managing cashflow as a GP locum

Specialist medical accountant Liz Densley shares six questions for a locum's budget.

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PCSE advice: Accessing draft Type 1 and 2 forms

PCSE advice: Accessing draft Type 1 and 2 forms

PCSE has produced a useful guide to accessing draft Type 1 and 2 forms. Download it here.

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How to record locum income for HMRC

How to record locum income for HMRC

Choose a method and then stick to it, unless there are sound justifications for changing, Tori Ferguson advises.

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Making Tax Digital for GP locums

Making Tax Digital for GP locums

Liz Densley's advice for GP locums on HMRC's new approach.

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How to avoid overpaying self assessment tax

How to avoid overpaying self assessment tax

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

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How does IR35 affect GP locums?

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.

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How will annual allowance charges affect me this year?

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.

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How to use the 2022 Locum Form B

How to use the 2022 Locum Form B

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

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What does the McCloud consultation mean for my pension?

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)?

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

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

Check your pension allowance, use your dividend allowance, and doublecheck your tax code.

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Three ways new NHS Pensions changes could affect GPs

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

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Switching between salaried and freelance work

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

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

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

Specialist medical accountant Liz Densley explains

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What is income protection?

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

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Ten tips for setting up your finances as a GP locum

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

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How public pension ageism affects GPs

How public pension ageism affects GPs

The Government has confirmed that changes made to firefighters’ pension in 2015 were age-discriminatory, and they will impact all public sector pensions

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Financial advice for GP locums and salaried GPs working overtime

Financial advice for GP locums and salaried GPs working overtime

Beware of unforeseen financial impact on NHS pension, national insurance and tax, specialist medical accountant Liz Densley advises

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NASGP’s legal advice on NHS Pension ‘Death in Service’ benefits

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

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NHS pensions

We explain how the pension scheme works, and give you the tools you need to manage the admin correctly.

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Setting the right locum rates

Setting the right locum rates

You need to charge rates that work both for you and for the GP practices that book you.

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Tax-free 
childcare (TFC) scheme during Covid-19

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

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Death-in-service benefits from the NHS: Are you returning to work due to COVID-19?

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

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GP locums and the Self-Employment Income Support Scheme (SEISS)

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

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BMA IR35 guidance

BMA IR35 guidance

Read the union's 2020 advice for GPs.

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Financial assistance for locum GPs in relation to 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.

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Ensuring a locum GP is a self-employed contractor, not an employee

Ensuring a locum GP is a self-employed contractor, not an employee

There are a number of important differences between employees and self-employed contractors

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Returning from parental leave

Returning from parental leave

Given how tricky it can be to return to work after maternity leave, it's a good idea for GP locums to get their taxes in order before they're back behind the desk

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Parental benefits

Parental benefits

The New Year seems an appropriate time to think about new babies, so here we consider some money matters you might need to think about.

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When can I retire?

When can I retire?

Many of us are looking down the barrel of our ‘normal retirement age’ being 67. A chilling thought.

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Can someone who is paid through their own limited company be a worker or employee?

Can someone who is paid through their own limited company be a worker or employee?

An Employment Appeals Tribunal (EAT) agrees that out of hours GP paid through her own company was a worker.

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Planning for
 university fees

Planning for
 university fees

Are university fees looming in your household? Maybe your teenager is already collecting their belongings together ready to start their next chapter in life as a student.

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Setting up your tax and legal status as a new GP locum

Setting up your tax and legal status as a new GP locum

NASGP's specialist medical accountant explains how newly-qualified GPs can set up a watertight system for managing their accounts when they undertake GP locum sessions, from managing rates to recording expenses

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Tax FAQs for salaried GPs and GP locums

Tax FAQs for salaried GPs and GP locums

Liz Densley from Honey Barrett runs through some commonly asked questions from GP locums on matters related to tax and national insurance.

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Mortgage tips for 
GP locums

Mortgage tips for 
GP locums

Despite the weirdness that is Brexit, the traditional increase in the number of new mortgage applications in springtime continues. There are plenty of decent rates out there, particularly fixed rates. But what if you are a locum?

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What expenses can a GP locum claim?

What expenses can a GP locum claim?

Jess is a sessional GP on a budget, saving for her wedding so she’s recording every single penny she spends – let’s look at what she can get tax relief for (and why or why not).

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Confused by Type 2 Self Assessment forms?

Confused by Type 2 Self Assessment forms?

Our specialist medical accountant answers Type 2 FAQs.

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Read GP financial advice on setting up GP locum tax accounts, starting out as a GP locum, how IR35 affects your GP locum, whether to join, stay or leave the NHS Pension Scheme, and what allowable expenses GP locums should record in their annual tax return.

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