There has been considerable press exposure surrounding the NHS pension in recent weeks, including the increase in the employer’s pension rate, the possible 50/50 partial scheme, the ongoing administration issues, and the ‘Separate Cash Payment’ scheme. Many of the potential changes in the pension scheme relate to, or are aimed at, alleviating the Annual Allowance
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Representatives of senior doctors are pressing for a change on pension rules to help stem the tide of early retirements from medicine. Increasingly tight rules on the pension funds of high-earners have been blamed for contributing to the increased rate of retirement among GPs. The British Medical Association says the rules also discourage senior consultants
GP leaders have launched an investigation into the administration of pensions amid continuing concern about the support services provided to practices. The British Medical Association believes the extent of the problem is being covered up – and has served Freedom of Information requests on NHS England. It wants to establish the “value and whereabouts” of
From billboards to TV ads, seemingly everywhere you turn at the moment there’s a reference to the new workplace pension rules that come into force shortly. And, just like any other business, GP practices need to ensure they comply with the rules. The good news is that the majority of practices will meet the much-vaunted
As an employer, each practice must provide relevant employees with a pension scheme so that a percentage of their pay is automatically deducted for contribution to that scheme. In addition, employers must also make a direct contribution to that pension.
By way of clarification, here are some pointers focused on GPs for GPs and practice managers to be aware of. 1995/2008 NHS Pension scgeme for GPs irrespective of whether we are talking about a self-employed partner or a salaried GP, both are in the same section of the pension scheme. The pension is based upon
Auto Enrolment is the result of a piece of Government legislation which became effective in 2012 and is still being rolled out. The purpose of the legislation is to ensure that that every employer auto enrols all ‘eligible jobholders’ into a Qualifying Workplace Pension Scheme (QWPS). This process is called Auto Enrolment. This will affect