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…

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…

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…

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…

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…

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…

From 1st August, it appears that all protections relating to shielding are being removed. No more statutory sick pay, no more food parcels, and it’s back to work. So, what do we need to do? No doubt we’ve had plenty of patients call us already, asking us to sign them off work or asking for…