GPonline.com: annual allowance cap on pensions should go
October 11, 2019
The Office of Tax Simplification has suggested the annual allowance cap should be removed from defined benefit pension schemes, including the NHS Pension Scheme. Click here to read a full report, including a comment from AISMA executive board member Andrew Pow, on the GPonline.com website.
Practice Index – Is your practice being paid for the work it does?
September 17, 2019
Deborah Wood, AISMA Vice-Chairman, offers this beginner’s guide to claiming for the work the practice carries out. Not always a straightforward task, these helpful tips, published on the Practice Index blog, will help practice managers keep on track. Click here to read the full article.
Pulse: What do the pension proposals mean for GPs?
September 12, 2019
GPonline.com: Government pension consultation
September 11, 2019
The government has announced a new pension consultation to create more flexibility for doctors in the NHS Pension Scheme. Speaking to GPonline.com, AISMA board member Andrew Pow said that for many GPs it remained ‘very difficult to predict growth’ in pensions – and that tailoring contributions to avoid tax penalties would not be straightforward. To read the full article visit the GPonline.com website.
GPonline.com: General practice is losing nearly 100 GP partners a month
August 30, 2019
Pulse: PCNs ‘reluctant’ to recruit additional staff due to funding and VAT
August 23, 2019
Reports of concerns among clinical directors of primary care networks about the VAT implications of employing additional staff are the subject of a recent article published on the Pulse website, including a comment from AISMA accountant Lizzy Lloyd. Click here to read the full article.
Practice Index: Taking respite in the payroll comfort zone?
August 19, 2019
AISMA accountant Michael Ogilvie writes the latest in a series of articles for Practice Index. Find out why practice managers trying to save the surgery money by managing the payroll or book keeping themselves can end up costing the practice more. Visit the Practice Index website to read the full article.
GPonline.com: AISMA comments on proposed pension flexibilities
August 8, 2019
AISMA accountant Andrew Pow tells GPonline.com that the government’s plans to allow doctors greater flexibility around contributions to their pension will not solve the problem of GPs reducing their working hours to avoid punitive taxes. Read the article in full on the GPonline.com website.
New consultation: Pensions flexibility for senior doctors
August 7, 2019
Responding to today’s announcement from the DHSC, Andrew Pow, a board member of the Association of Independent Specialist Medical Accountants, and partner at Mazars UK, said:
“We welcome the government’s acknowledgement that the 50:50 proposal will not prevent senior doctors from being severely impacted by the tapered pension tax allowance.
“AISMA has long-argued for a review of pension tax rules since it was clear from the outset that the 2016 changes would discourage senior doctors from working extra shifts in what was an already stretched health service.”
Read the DHSC announcement
GPonline.com – tips on avoiding fraud
July 22, 2019
Two cases of insider fraud, which had a severe impact on the practice in question, have been reported recently. AISMA members put their heads together to provide a list of simple tips, published by GPonline.com, that GP partners can use to help avoid fraud in their practices. Read the full article.