Superannuation Certificates

Annually, GP’s are required to complete Certificates of Pensionable Profits (superannuation certificates).  These forms allow doctors to certify their income for superannuation purposes.  Calculating a GP’s income for these purposes is complicated.  Mistakes can easily be made and any errors in this area will affect a GP’s retirement income.

Recently GP’s have also had to consider changes in the annual pension allowance and the lifetime pension allowance.  The superannuation certificates have a direct impact on how these allowances are utilised.  Exceeding these allowances may lead to additional tax liabilities.  It is becoming increasingly important for a GP to understand the superannuation certificate and the impact on their retirement income.

As a firm of medical specialists, we complete many of these forms each year.  We remain updated in this area, ensuring that our client certificates are completed correctly and that our clients’ retirement incomes are maximised.  We ensure that the estimates of superannuation deductions made at the start of the financial year are accurate.  If these are not accurate, shortfalls or overpayments of superannuation may occur.  We submit the certificates as soon as possible after the end of the financial year and liaise with NHS England and the Pensions Agency to ensure that the correct superannuation contributions are recorded.

How We Can Help

 Our superannuation services include:

  • Estimating superannuation deductions at the start of the financial year.
  • Completion of the superannuation certificates at the end of the financial year.
  • Submission of the superannuation certificates.

Liaising with NHS England and the Pensions Agency over superannuation shortfalls or refunds.