28th January 2022 by Liz Densley, Honey Barrett
Work pressures for GPs are continually mounting and finding the time or energy to manage your own finances can seem impossible.
However, if you do not put away funds for tax/NIC/student loan etc as you go, you can end up receiving impossible demands for your money.
In addition, there is the risk of your own ill-health and having to find a way to cope financially with no income.
New NHS pension ‘date worked’ feature on NASGP locum platform
‘Date worked’ feature is added alongside summaries of pensionable day, employer and employee contributions, and pensionable days service.
More than half of GPs in England missing vital pension data
An FOI to NHS Business Services Authority (NHSBSA) revealed that 18,575 GPs in England had missing NHS Pensions records.
Three ways to pay your annual allowance liability
If after evaluating your annual allowance position you discover you have an pension tax liability, read Roy Hinton’s article to see three pays to pay.
"I love getting an email to say 'a new GP locum has linked with your practice', especially when the offer of sessions is just what I’d been needing and it’s just dropped into my lap! It’s great to have everything in one place and be able to download documents so easily. LocumDeck makes the terms and conditions of each locum really clear, and I’ve built up a really good amount of offers from different GPs. It’s easy to keep track of invoices and pension forms, and it’s great that it’s free for practices to use too."
Jennie Dock, Practice Manager, Hedge End Medical Centre, Southampton, Hampshire