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Blog: Medical News

Reduction in pensions tax relief to hit thousands of GPs

Thousands of GPs will be hit by the Chancellor’s reduction of tax relief for pensions savings, GP leaders and accountants have warned. In his autumn statement today, George Osborne announced the Government will reduce the amount of money people can save annually and in their lifetime savings before incurring tax. From 2014-15, individuals will receive

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GPs face ‘biggest pay cut yet’ under DH contract plans

GP practices face the biggest cut to their income in almost a decade under reforms the government is threatening to impose, GP leaders have warned. In a 25 October letter to all GPs in England, GPC chairman Dr Laurence Buckman said the government’s plan to impose a 1.5% GMS uplift in return for more work

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Healthy rise for GP Notional rent

Average notional rent increases of 9.68 per cent are being reported for doctors’ surgeries in the first two quarters of 2012. But a firm of surveyors claims some practices are reluctant to pursue their rent reviews in 2012 because they are concerned that their level of rent reimbursement would be cut and leave them out

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GPC pushes for pay uplift of “several percent”

GPC negotiators have confirmed they will be pushing for a pay rise for GPs of ‘several per cent’ in this year’s contract talks in order to cover rising practice expenses. The move comes despite the Treasury imposing a 1% cap on public sector pay rises, and the Department of Health scrapping the independent pay review

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Government U-Turn excludes GPs from DDRB pay review

Pulse can reveal health secretary Andrew Lansley sent a letter to the Doctors and Dentists’ Review Body (DDRB) in July saying there would be ‘no need’ for it to make any recommendations this year for GP and dentist pay from 2013/14. He said there was a ‘well-established basis’ for allocating the 1% public sector pay

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Pension changes

Pension changes could leave GPs facing fines

Changes to pension allowances mean that GPs will need to submit new tax calculations to HMRC for the 2011/12 financial year. However it is unlikely that GPs will have access to the figures required to make these calculations in time, meaning they could face substantial financial penalties, healthcare accountants have warned. Recent changes to pension

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Couple quadruple size of their pharmacy business

A COUPLE have quadrupled the size of their pharmacy business to £4m by taking over a larger rival. David and Louise Lydon have bought Stanley-based Dixon and Hall, which runs three pharmacies and puts together first aid kits for 600 clients, including Northumbria Police and companies including Nissan and McNulty Offshore. The deal, for an

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