Just how good is your NHS pension?

1st January 2015 by NASGP

Just how good is your NHS pension?

Do you understand the benefits and true value of the NHS superannuation scheme for locum GPs?

Even if I had to pay the 14.5% employer’s contribution personally, I would join the scheme in an instant. In fact, I have threatened some GPs with being sectioned under the mental health act for not being members of the scheme, which I think is a sign of how good it is, irrespective of any changes and tax charges.

There is a potential issue with regards to locums and paying the correct tiered contributions, and once the superannuable income is reconciled at the end of the year, you can be asked for extra payments.

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"Work as GP locum provides me both flexibility and autonomy together with great job satisfaction. However, there are some complexities one needs to address in starting out and doing everything right.

I've generally found answers to any issues I've had on the NASGP website – an excellent repository of very relevant information. The blog and magazines alone are almost worth the small costs of membership. The fact that NASGP is run by motivated fellow GPs gives me confidence in their guidance and advice.

LocumDeck makes my running things as a self-employed GP almost effortless - I don't think I would want to work without it. Invoicing is streamlined and the website is very user-friendly. After a busy week at work, the last thing you want is to spend hours on business admin. LocumDeck is a real timesaver.
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Dr James O’Mahony

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