Other NHS Pension Scheme benefits Previous sections of this guide have covered the benefits payable by the NHS Pension Scheme on retirement. However, the scheme also provides important benefits in the event of a scheme member dying or becoming ill, meaning that they can no longer work in their current role. No one plans for…
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Explaining the NHS Pension Scheme – Part Three
Part 3: Contribution rates and employer costs This part of the guide explains the NHS Pension Scheme contribution rates for both members and employers. In October 2021, proposals were put forward for changes to contribution rates. Following consultation, the changes were implemented from 1 October 2022. The agreed changes are covered here. Employer contribution The…
Explaining the NHS Pension Scheme – Part Two
November 18, 2021, by AISMA in Accounting, AISMA, Pensions
Part 2: How is the pension calculated? The way in which pension benefits are calculated in the NHS Pension Scheme depends on which part(s) members belong to and whether they are ‘practitioner’ or ‘officer’ members. Practitioners GP partners, salaried GPs and locum GPs are all practitioner members of the scheme. Practitioner pensions are based on…
Explaining the NHS Pension Scheme – Part One
November 18, 2021, by AISMA in Accounting, AISMA, Pensions
Association of Independent Specialist Medical Accountants nine-part tutorial for Practice Index – Introduction Does thinking about the NHS Pension Scheme give you that sinking feeling? Do you groan every time there’s an update to the rules and regulations? Even the most dedicated pension enthusiast can struggle with the complexities of the scheme. This nine-part tutorial will…
Explaining the GP practice accounts – Part 5 of 10
February 27, 2020, by AISMA in Accounting, AISMA
How pensions are shown in the practice accounts Pension costs for the NHS pension scheme are split three ways: Employee standard contributions – these are a based on different rates for different tiers of earnings Employer contributions – fixed currently at 14.38% with a further central top-up by the NHS in England, Wales and Northern…
What’s new across Practice Index – May 2023 roundup
June 2, 2023, by Practice Index in GP Practice Management, Practice Index HUB, Practice Index News, Practice Index PLUS
The sun is out and it’s almost summer! During May, Practice Index brought you new resources, interesting blogs and updates. If you missed any, you can catch up here. Access all areas by Paula the PM – NHSE have released their Delivery plan for recovering access to primary care along with covering letter. Well, dear…
What’s new across Practice Index – February 2023 roundup
March 2, 2023, by Practice Index in GP Practice Management, Practice Index HUB, Practice Index News, Practice Index PLUS
February was a busy month for Practice Index. Catch up now on anything you missed out on! Spoongate by PM Polly –So here I am, facing the problem head on. Again wondering where it’s all gone wrong and how, after all these years as an experienced practice manager, I’m still unable to find the solution…
April 7, 2022, by AISMA in AISMA, Pensions
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