Finance/Pensions/Retirement
24-hour retirement (SSLMCs guidance June 2014)
6th September 2024
I am writing to highlight the latest amendments to the Statement of Financial Entitlements (SFE) as below:
The General Medical Services Statement of Financial Entitlements (Amendment) Directions 2024 (publishing.service.gov.uk)
Global Sum: As noted in my earlier letter of...
Consultation on proposed changes to the NHS Pension Regulations LMC January 2019
I am writing as the LMC has been contacted by several colleagues following the publicity around the above consultation. In summary the main proposals are:
Implement a new contribution rate of 20.6% for employers...
Written: 03rd of March 2025
I am writing to all colleagues to provide details of the arrangements for the GP Contract in 2025/26.
The LMC will also provide a number of webinars for colleagues, additional guidance papers, and I would like to invite colleagues to a F2F evening roadshow in...
From 1 April 2015, it is a contractual requirement for general practices to publish on their practice website by the end of the financial year (i.e. 31 March 2016), the mean net earnings for all GPs in their practice relating to the previous financial year (i.e. 2014/15). In addition practices...
IR35 refers to anti-avoidance tax legislation designed to ensure the tax on those with 'disguised employment' is at a rate similar to those in employment and refers to workers who receive payments from a client via an intermediary, for example their own limited company.
Attached is an LMC...
Guidance Note/Checklist for Practice Managers
This checklist is designed to guide practice managers in managing the process of a GP partner's retirement in a UK GP surgery, ensuring all necessary actions are taken to manage the transition smoothly.
1. Notice and Initial Preparations
Provide...
Pay Transparency Income declaration - BMA Advice
Attached is the PCSE February GP Bulletin which covers:-
End of year pension arrangements - Deadline approaching
Type 2 Medical Practitioner 'Amnesty Form' and historical certificates for GP Providers (Type 1) and non GP Providers
PCSE GP February Bulletin PCSE February
Written: October 2023
I am writing to all practices who may receive, or have received, letters from PCSE regarding this exercise.
Seniority Payments were made to partner GPs only and were based on length of NHS services and received profit. The seniority scheme closed to new members on 1st...
Pensions Admin Letter PCSE January 2019
Pension Admin Guidance Flyer PCSE January 2019
Important update for practitioners and GP practices regarding pension administration
Dear Colleague,
Annual end of year pension administration
Annual pension forms should be available to download from...
Introduction
We recognise that some GP practices are considering opting out of the Seasonal Flu Vaccination Enhanced Service. Historically, this has been uncommon; however, given the significant challenges currently facing practices, it is an important moment to provide clear guidance. While it...
Dear Colleagues
Following the imposition of the 2024/25 GP Contract, I am writing to confirm the associated contractual increases.
Global Sum will rise from £104.73 to £107.57 per weighted patient.
The OOHs deduction remains at 4.75%, representing £5.11 for 2024/25.
The QOF point value rises...
Written: 06th March 2025
Following final confirmation from NHS England, I can confirm the 2025/26 Global Sum will be £121.79, representing an uplift of £9.29 [8.26%] on 2024/25 Global Sum value of £112.50.
The OOHs deduction remains at 4.75%, representing £5.78.
The QOF point value in 2025/26...
