Doctors and dentists ― pension contributions

Produced by Tolley in association with of Armstrong Watson LLP

Owner-Managed Businesses

Guidance

Basis of contributions

Doctors and dentists may be both self-employed and / or salaried employees of the NHS.

GPs provide services under a contract with the NHS England for General Medical Services, Primary Medical Services and Alterative Provider Medical Services are also additional types of contracts that GPs can sign up to. Dentists may provide services under similar contract provisions. Where they do, the earnings that they receive are treated as self-employed earnings. However, they are still eligible to join the NHS Pension Scheme.

The NHS Pension Scheme is one of the most comprehensive and generous pension schemes available. It is the largest centrally administered pension scheme in Europe. The pension provided is based on final salary (for the 1995 and 2008 sections) or a career average revalued earnings (CARE), the 2015 sections. From 1 April 2022, the 1995/2008 sections closed and all members moved to the 2015 scheme, members will keep benefits that have accrued in the 1995/2008 sections but it has not been possible to contribute to

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Morag Miller

Partner, Head of Healthcare Services , Corporate Tax, Personal Tax, Accounting

Morag is a Fellow of the Chartered Institute of Accountants in England and Wales and an Associate member of the Chartered Institute of Governance, with almost thirty years’ experience in advising clients on accounting and tax matters. Morag has a wealth of experience and knowledge, specifically of the healthcare sector [private and NHS], with over 25 years working with clients across all aspects of healthcare provision.Based in Armstrong Watson’s Leeds office, Morag is a partner and head of the specialist Healthcare Services Team. Morag leads by example and ensures her team all adopt a proactive approach to developing and managing robust client relationships. “Understanding our clients’ aspirations enables us to share timely and relevant advice with them, and where appropriate, affording time to implement mitigating action to minimise any potential financial risk”.With regards to the healthcare sector, Armstrong Watson is a member of AISMA [Association of Independent Specialist Medical Accountants], a strategic partner to the MDU / DDU, listed as a specialist medical accountant and tax advisor with Medics Money and a member of the UK200 Healthcare Group, all of which demonstrate our expertise in this field.Morag contributes to Tolley’s Tax Planning and to TolleyGuidance OMB.

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