While the tax and accounting requirements for GP’s, Locums and other NHS practitioners is pretty much the same as other non NHS professions, there is a particular aspect that many accountants struggle with, namely the NHS pension scheme and contribution calculations.
We fully understand all of aspects of the NHS pension scheme and we work with the PCSE to ensure that you meet your reporting obligations and that the information provided to the PCSE is accurate.
One of the main issues that GP’s and NHS practitioners appear to have with other accountants is incorrect forecasting of income and contributions.
Often we find that many accountants are preparing forecasts annually, usually when they are preparing the GP/Practice accounts.
Our approach is different, we believe in regular reviews of forecasts over the year, this ensures that your pension contributions will be correct and you won’t face the prospect of expensive catch up payments to the PCSE.
In addition to the pension forecasting, you also have to consider the different ways GP’s are working, partners, salaried or locum, all have different considerations and we have the expertise to ensure that your tax and pension affairs are correct and up to date.
Require more information?
If you would like more information or would like to speak to us direct then call us on 0161 706 2271. Or if you would prefer, ask us a question online.