Specialist advice for Locum Doctors

Working as a Locum can give you flexibility and a varied work experience, but making sure you are being paid correctly and not storing up trouble with HMRC can be more difficult, which is where we can help.

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Forms A & B

Self employed/freelance locum GPs

If you do freelance GP locum work for a ‘scheme employing authority’ within the NHS and are a member of the NHS pension scheme, you must complete forms GP Locum A and GP Locum B and make superannuation contributions on the pensionable earnings. You must submit the forms no later than 10 weeks from when the work was completed.

These forms can be downloaded from the following website:
https://www.nhsbsa.nhs.uk

Your pensionable earnings are your gross earnings, less a 10% deduction for expenses i.e. 90% of your gross NHS locum earnings.

To calculate your superannuation contribution you must also apply the correct superannuation tiered rate to your pensionable earnings. The tier rate is determined by your total superannuable income, including any amounts you earn from a salary, and ranges from 5% to 14.5% of your superannuable pay.

Please note that these rules will not apply to:

  • GP principals carrying out extra sessions or locum sessions within his or her GP practice.
  • GP locum work undertaken for an organisation which is not a ‘scheme employing authority’.
  • Out of hours work. However, this may be ‘pensioned’ using Form GP Solo.

Umbrella company or personal service company

Locums trading through umbrella companies or personal service companies will not be able to make contributions to their NHS pension scheme. They will be able to make contributions to other private pension schemes.

How we can help

  • We can assist you in ensuring that the correct superannuation tiered rate is used.
  • We can assist you in claiming tax relief in your annual tax return on the superannuation contributions you pay.
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Contact us for specialist medical accountancy services for Locums

If you’re looking to plan your finances for the future or trying to find an answer to a problem then get in touch today.

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NHS PENSION REVIEW

Are you in danger of being hit with a huge tax bill on your pension growth? Our NHS Pension Review Service can provide an advance warning of impending pension issues.

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TAX ENQUIRY PROTECTION

HMRC have increasingly got GPs in their sights and many Practices have been subject to lengthy tax investigations. Make sure you’re covered with our annual insurance scheme.

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EXPERT CONSULTATION

Talk to one of our Medical Accounting Team for free. We can discuss your circumstances and how we can help you achieve better financial management, reduce your tax bills or plan for the future with a tailored fixed price plan.

Meet our team

We have a panel of subject experts and a team of professional accountancy support staff to make sure your specific needs are met reliably and cost effectively.

HOW WE CAN HELP

A specialist healthcare team to advise you
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What our clients say…

Dr Ravi Bansal, Locum GP

I’ve been with Nichols and Co for nearly 10 years with Debra being my accountant. I first contacted them when I received letters for tax arrears due to the wrong tax codes being applied during my hospital jobs.

Debra sorted this matter out and has always provided helpful and honest advice regarding tax matters. She has also helped my wife with her tax returns. I would definitely recommend their services for accounting matters with a special interest in helping doctors with their tax affairs. They are approachable, helpful and efficient.

Dr Jayran Mistry, Locum

Thank you for everything you at Nichols & Co have done for me with regard to my tax returns to date. I have always felt I am able to approach you with any question and that the answer is always helpful and thorough.

I am very grateful for how detailed, clear and efficient you are with tax returns and letters and for expediting things when needed. Every time I make contact with you I am met with polite staff and helpful advice and I have spoken with many of my friends about the service you provide and how good I think it is. I always recommend you. Thanks very much again, I really appreciate your hard work and help.