31st January 2022 by Liz Densley, Honey Barrett
Should GPs use the extension? Specialist medical accountant Liz Densley advises.
For those who have not completed their tax returns by 31 January, this year’s grace period of one month will come as a relief, but note that it does not stop interest running on late paid tax – so it may be best to make an estimated payment on account if possible.
Submitting the return after 31 January will mean an extension to the enquiry time limits too.
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.
One in four GPs did fewer sessions due to pension tax, BMA finds
Findings emerged as a result of a BMA survey of more than 5,000 doctors, including 907 GPs, about how taxes on the tapered annual allowance (AA) were affecting doctors’ decisions about how much to work.
Financial advice for GP locums: insurance, mortgages and pensions
Advice on a range of topics – from insurance to mortgages to investments – and access to advisors who specialise in working with doctors.
"I have tried a few different platforms but nothing compares to the comfort and practicality of LocumDeck. The NASGP support team is absolutely wonderful and they walked me through the initial set-up. Once the set-up is complete, the booking process is so easy and literally happens with the click of a button. I also love the paperless pension form submissions through LocumDeck and it takes me no more than two minutes each month to send all the necessary pension forms to PCSE. I have already recommended LocumDeck to all my colleagues and it is a must-have for anyone thinking about entering the GP locum world. I wish every practice in the country would sign up."
Dr Priya Arunachalam, GP, Southampton