Final Pay Controls (FPC) were introduced on 1 April 2014 across the UK. They impacted any GP staff and non GP partners and were brought in to control the cost to the NHS Pension Scheme where large pay rises were given in the last three years before retirement.
In January 2021 a consultation was launched to cover proposed changes to the NHS Pension Scheme Regulations which included proposals to reform Final Pay Controls and will significantly reduce the scope of charges. The proposed changes are;
11/08/2023. Have you recently received correspondence from HMRC asking about your overseas assets, income or gains? If so, our specialist tax advisors have provided guidance on how best to proceed.
Let’s be honest, most of us are resistant to change, even if just a little bit – why? Because we perceive change to be a hassle, we know how to do what we need to do using the traditional method, and we think adapting to the new way will take longer because it is less familiar to us. But what if you could save time, save money, do your bit for the environment, and keep on top of your bookkeeping almost...
There are many current and potential changes within the tax landscape, which could influence your finances. Having a long-term approach to managing your finances and securing the future you want is key.
If you are thinking of selling a residential property which is not your main residence then there are property tax issues to consider.
Last year, we all adapted to lockdown and the changes in how we practiced. Governments were supportive with guarantees of income and promises of reimbursements of new costs and with full lockdown General Practice continued its work in different ways.
Limited liability companies are useful but are not always the correct way to run a business. They bring protection through reducing an individual’s exposure to personal financial risk should a business fail. They are often perceived as being a good way of reducing tax but recent changes in taxation mean that in reality there is very little difference in the overall tax paid through operating via a...
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