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  • Gp-locum-b-2014-15-pdf - The Hsc Pension

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GP LOCUM B (NI) GP Locum own use only (2014/15) HSC Pension Scheme - GP Locum s monthly record of HSC GMS Pay and related pension contributions Surname Other names NI Number Scheme ref number (If.

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Basic pay is the most common method of calculation for defined contribution pensions. In this method, pensionable earnings = the employee's basic salary before any bonuses, overtime or commission.

A Type 2 medical practitioner is: A salaried GP formally employed by a GP practice, Alternative Provider Medical Services (AMPS) contractor or by a Local Health Board. ... A practice based salaried GP who works for a CCG under a contract for services (i.e. on a self-employed basis).

You are able to pension locum earnings via forms A and B so long as it is not in respect of locum work undertaken in your own practice. Locuming at your own practice is pensionable in the same way as your main practitioner earnings and such income should be detailed on your end of year certificate.

A locum GP is defined as one who temporarily takes the place of another GP. Locums are usually self-employed and are sometimes also referred to as freelance GPs. A self-employed locum GP has a contract for services rather than a 'contract of service', which would be the case for a salaried GP.

Salary As a locum, you can earn over 140,000 per annum working full-time. This is based on working an average of 8 sessions per week and doing four red eye's per month in out of hours.

Employers do not need to pay pension contributions to locums who: are not part of the NHS pension scheme (a locum may only treat income earned from certain contracts as pensionable pay)

You will receive a pension based on your reckonable pay. Your Reckonable pay is the average of the best three consecutive years pensionable pay in the last ten. Your pension is 1/60th of your reckonable pay for each year or part year of pensionable membership in the Scheme.

How is my pension calculated? If you are a GP then your pension benefits are based on your total career dynamised income. Each year a record of your pensionable income is sent to the NHS Pensions Agency and the total of this pensionable income at retirement is the basis for the calculation of your pension.

Typically, doctors on a six-figure salary can expect to receive a pension income of about £50,000 a year at the age of 60. This is based on their years of service and salary and is paid on top of a cash lump sum of just under £150,000. GPs can take their pensions before 60 at a reduced rate.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232