Finance/Pensions/Retirement

24-hour Retirement

24-hour retirement (SSLMCs guidance June 2014)

Consultation on proposed changesto the NHS Pension Regulations

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...

GP Earnings - Publication of Mean GP Net Earnings

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

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...

Pay Transparency income declaration BMA Advice

Pay Transparency Income declaration - BMA Advice

PCSE February GP Bulletin - Pension Special Bulletin

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

PCSE Seniority Payments Reconciliation Exercise

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...

Primary Care Support England - Year End Pension Communication

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...

Update: Financial Implications of the 2024/25 Contract

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...