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…

From 1st April 2015 the new employer contribution rates will be 14.3% for England and Wales, 16.3% for Northern Ireland and 14.9% for Scotland. Scotland will also have an employee contribution rate increase of 0.2%. As well as changing tier rates, there will be an introduction of a 2015 scheme for new members with existing members of the…