Superannuation

SELF EMPLOYED LOCUMS

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.

These forms can be downloaded from the following website:

http://www.nhsbsa.nhs.uk/2529.aspx

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.

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.
  • We can help prepare your type 2 annual pension contribution form if you pay superannuation in several locum posts.

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.

SALARIED LOCUMS

Salaried locums working for a GP practice or a ‘scheme employing authority’ will have superannuation deductions paid on their behalf by their employer.

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 pension schemes.