The standard NHS Pension annual allowance is £60,000 a year, but it tapers down to as little as £10,000 once adjusted income passes £260,000, a threshold consultants and GP partners cross more easily than most doctors realise. Because NHS pension growth is calculated as sixteen times the annual uplift in your pension, a single pay rise or a strong locum year can trigger a tax charge running into five figures, often without any warning from NHS Pensions itself.
We handle Self Assessment, NHS pension annual allowance calculations, and expense claims for NHS consultants, GPs, and locum doctors across Slough, coordinated with bookkeeping for those combining NHS, private, and locum income.
The annual allowance taper applies once threshold income passes £200,000 and adjusted income passes £260,000, reducing the £60,000 allowance by £1 for every £2 over, down to a floor of £10,000. Many consultants and GP partners only discover they have breached it when a Pension Savings Statement arrives, often a year or more after the tax year in question, by which point the Self Assessment deadline is close and the options for managing the charge are limited. This is exactly why the calculation needs checking during the tax year, not after NHS Pensions gets around to sending the statement. We model your threshold and adjusted income before year end, so a charge is never a surprise.
This service is for doctors in or around Slough at any stage of their NHS or private career.
We calculate your threshold and adjusted income during the tax year, before a Pension Savings Statement arrives unannounced.
Where a charge applies, we advise on the Scheme Pays election and its 31 July deadline, and the trade-off against your future pension.
We prepare and file your return covering NHS, private, and locum income together.
We claim every deductible cost, from GMC and BMA fees to CPD, travel, and equipment.
Yes, we handle the full registration process on your behalf if you’re newly self-employed.
