This broadcast covers the return of many GPs and Clinicians to the 1995 Pension Scheme, the potential effect of the CGT review and the latest GP Contract Update. The PDF on the changes to the NHS Pension Scheme can be found here The link to the GP Contract Update can be found here
NEWS AND RESOURCES
The NHS’s ever-changing financial landscape can be hard to keep up with which is why we share regular updates for GPS, Primary Trusts, and Practice Owners. See our latest posts here:
New to Partnership Payment Scheme Guidance for 2020/21
This broadcast explains the New to Partnership Payment Scheme Guidance for 2020/21 – with Laurence’s personal views on the £150k declaration of earnings and the appropriateness of this scheme.
New to Partnership Payment Scheme Guidance for 2020/21Read More
20 June 2020 Update from Ramsay Brown
This broadcast covers more info about the balancing mechanism, flexible furloughing, PCN accounts (or not!), a proposed IHT exemption for front line workers and some exciting news at Ramsay Brown. As mentioned before, we continue to provide a complete service to our client through our hosted server and VoIP phone system while working remotely. The email …
7 June 2020 Update from Ramsay Brown
This broadcast covers the ‘balancing mechanism’ for GPs pay, updates to Covid support to business, Xero updates, tax updates and more.
17 May 2020 Update from Ramsay Brown
This broadcast covers the latest updates on support for the self-employed, VAT on the supply of medical care, the increase in the NIC limit and changes to reporting capital gains on domestic properties As mentioned before, we continue to provide a complete service to our client through our hosted server and VoIP phone system while …
3 May 2020 Update from Ramsay Brown
Latest Schemes from Government, how employees can claim refunds of tax from HMRC, what employers tax offer employees tax free, IR35 and other topical issues. As mentioned before, we continue to provide a complete service to our client through our hosted server and VoIP phone system while working remotely. The email addresses and telephone numbers of …
Tax Investigation Insurance for Primary Care Networks
We are pleased to announce that we have negotiated tax investigation insurance for our PCN clients. The insurance will cover an investigation by HMRC into the finances of PCNs, including the taxation of Clinical Directors and any surplus or deficit made the PCN. Unlike some tax investigation policies, the investigation will be handled by the team at Ramsay Brown, and not a tax representative …
Tax Investigation Insurance for Primary Care NetworksRead More
19 April 2020 Update from Ramsay Brown
This broadcast looks at some specific aspect of the governments assistance in relation to our clients, Tax Investigation Insurance for PCNs, HMRC assistance for employees working from home. As mentioned before, we continue to provide a complete service to our client through our hosted server and VoIP phone system while working remotely. The email addresses and …
5 April 2020 Important Message from Laurence Slavin
This broadcast updates the issues from last week, talks about issues for returning GPs, concessions for 24 hour retirement, an update for the annual allowance concession fo 2019/20, concessions for locum GPs completing their pension forms and other topical issues. As mentioned before, we continue to provide a complete service to our client through our …
5 April 2020 Important Message from Laurence SlavinRead More
Changes in Pension Tax
The Chancellor has announced major reforms in the pension tax regime which may help GPs with significant tax bills. Although these changes will apply from the tax year 2020/21, the government has already committed to contributing back any additional pension charge paid by Scheme Pays Election for 2019/20. Therefore, GPs who have already opted out …