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

19th August 2019 by Liz Densley

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

You’ve finished your GP training and you’re ready to be let loose on the world, but has your training taught you how to deal with your tax and pension position going forward? Liz Densley, specialist medical accountant from Honey Barrett, explains all you need to know.

As a GP trainee

You are taxed under PAYE, so you receive a payment each month where tax, national insurance, pension contributions and student loan repayments have already been deducted and you get what’s left. So, all you need to do is:

  • Know what you can claim for – exam and training costs whilst under a training contract only, professional subscriptions and mileage if you have to do visits in your own car (and you’ve not been paid for the miles).
  • Check you have the right tax code, and call HMRC if your allowances are not right.
  • Make sure, if you are getting to the end of your student loan repayments, that you communicate with the student loan guys to pay off your balance and get deductions stopped.

Once you become a fully qualified GP it all changes!

Join

Join to view the rest of this content, as well as access all the benefits of joining NASGP.

Join

Login

Already a member? Login to view this content.

Login

Related content

"I have been working with NASGP as the main source of income since graduating. I can't recommend them more highly for newly-graduated GPs. They helped me with setting my terms and conditions and they even arranged a tutorial session about EMIS, as the system was new to me.

LocumDeck is a great help when it comes to organising sessions, pension forms and invoices for tax purposes.

NASGP was particularly supportive during the Covid-19 period. It recognised the effect it had on locum work, temporarily waived the already small fee on sessions and were keen on getting the members together in regular video meetings.

I'm a satisfied member of NASGP. "

Dr Nazar Ahmed

Dr Nazar Ahmed

See the full list of features within our NASGP membership plans

Membership