AISMA In the News

AISMA members regularly write in the specialist GP and practice management publications, offering expert advice to doctors on the key issues of the day.

DHSC response to pension scheme consultation

Commenting on the publication of the Department of Health and Social Care’s NHS pensions scheme consultation response, Deborah Wood, Vice Chairman, the Association of Independent Specialist Medical Accountants, said: “Despite the widely-held concerns raised during the consultation about the financial impact of the 6.3% increase in employer pension contributions, the increased rate of 20.6%, plus aContinue reading

What should your accountant do for you?

In the first of a new series of articles for GP practice management information hub Practice Index, AISMA board member James Gransby, a partner at MHA MacIntyre Hudson Maidstone, explains what your accountant should do for you – without being asked! From commenting on new developments that will affect your practice, to financial benchmarking and spottingContinue reading

AISMA responds to GP contract agreement for 2019/20

Commenting on the GP contract agreement for 2019/20, Andrew Pow, board member of the Association of Independent Specialist Medical Accountants, said: ‘There is much to be welcomed in the new contract with almost £1bn extra in core funding for practices in England across five years. There are, however, some issues that we are viewing moreContinue reading

NHS pension scheme consultation: AISMA response

Members of AISMA have a deep knowledge of the NHS Pension scheme, specifically relating to the taxation of pension savings. AISMA’s view is that the proposed changes to scheme regulations 2019 as outlined in the consultation document are likely to result in more members of the pension scheme ceasing contributions which could cause the schemeContinue reading

Death announced of John Dean, former AISMA chair

Members of the Association of Independent Specialist Medical Accountants are sad to hear of the death of John Dean, one of the Association’s founder members. A well-known writer and lecturer, Mr Dean was the author of one of the first books to be written about the financial management of GP practices. Seeing the need forContinue reading

AISMA reaction to Hancock GP tax discussions with Treasury

AISMA vice-chair Deborah Wood reacts to Hancock discussions with Treasury about changing GP tax rules, as reported by Pulse today: http://www.pulsetoday.co.uk/news/gp-topics/pensions/hancock-in-discussions-with-treasury-about-changing-gp-pension-tax-rules/20038079.article

Proposed increase in NHS pension scheme contribution rate for employers

Responding to the proposed increase in the NHS pension contribution rate for employers, announced yesterday by the Department of Health and Social Care, Andrew Pow, representing the Association of Independent Specialist Medical Accountants, said: “The current rate for employer contributions is 14.38%. An increase to 20.6% will represent an additional £4,665 for GP partners withContinue reading

How to fund payouts to retiring GPs

In this issue of Practice Management magazine AISMA accountant Luke Bennett sets out how to manage the funding due to a GP partner coming up for retirement. He starts by writing that the most useful advice to give practice managers who are worried about how to fund the money due to a retiring GP is ‘beContinue reading