GPs need independent advice on pension changes, GPC says

GPs should seek independent financial advice to find out how changes to pension tax will affect them, the GPC has advised.

GPC chairman Dr Laurence Buckman warned that for some GPs the amount of tax they will now pay on their pension could be very high.

Dr Buckman said this particularly would be the case if a GPs moved from part time to full time in the last year. He said highest earning GPs will also be the hardest hit.

'The rules have changed this April, he said. 'GPs, even younger GPs, should get independent financial advice to see how the changes affect them.

'It's possible that the tax paid on pension could be very high for the unlucky few.'

GP reported this week that pension and tax reforms could cut some GPs' pay by up to 30%.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register

Already registered?

Sign in

Follow Us:

Just published

Three GPs stand to become next RCGP chair

Three GPs stand to become next RCGP chair

Three GPs are in the running to become the next chair of the RCGP.

Five-year contract 'a float to stop GPs drowning', says GPC

Five-year contract 'a float to stop GPs drowning', says GPC

The GPC has defended the five-year GP contract during a debate at the BMA's annual...

GP careers: Next steps after GP training

GP careers: Next steps after GP training

As Dr Patrice Baptiste comes to the end of her training, she highlights the career...

Fresh BMA concerns emerge as doctors say sexism 'not seriously addressed'

Fresh BMA concerns emerge as doctors say sexism 'not seriously addressed'

Doctors' leaders have warned that the BMA does not address sexism and harassment...

General practice 'losing doctors faster than it can recruit', warns GP leader

General practice 'losing doctors faster than it can recruit', warns GP leader

General practice will continue to lose doctors faster than it can recruit unless...

Medical leaders should oversee 'reorganisation of GMC', says BMA

Medical leaders should oversee 'reorganisation of GMC', says BMA

The GMC 'suffers from a top-down institutional lack of insight' and should be reorganised...