Specialist NHS Pension Services Superannuation and Pension

NHS Pension Services

Specialist NHS Pension Services for Healthcare Professionals

Managing NHS pensions and superannuation contributions can be complex, especially with ever-changing regulations and forms like Type 1 Certificates and Type 2 Forms. At SIAL Accountants, we specialise in providing accurate, compliant, and timely support for NHS pension compliance and reporting.

We focus on the accounting and compliance side of pensions, ensuring accurate reporting and submission of required forms. We also collaborate with trusted financial advisers where needed, offering clients access to broader pension planning support while we handle the technical and compliance aspects.

Why NHS Pension Compliance is Important

The NHS Pension Scheme is a vital benefit for medical professionals, but it comes with strict compliance rules and deadlines. Key areas include:

  • Type 1 Certificates – Required for GP partners to declare pensionable profits annually.
  • Type 2 Forms – Necessary for salaried GPs and locums to reconcile pension contributions.
  • Annual Allowance Reporting – Managing annual allowance breaches and avoiding unexpected tax liabilities.
  • Pension Contributions Accuracy – Verifying and reconciling payments to avoid errors.
  • Remedial Pension Savings Statements – Correcting previous

superannuation contributions and updating HMRC records.
We help healthcare professionals stay compliant, avoid penalties, and simplify pension reporting processes.

Superannuation and NHS Pension
NHS Pension Scheme

Our NHS Pension Services

We offer a range of services to help with pension compliance and reporting:

  • Type 1 Annual Certificates – Preparation and submission for GP partners.
  • Type 2 Self-Assessment Forms – Accurate filing for salaried GPs and locums.
  • Pension Contributions Reconciliation – Verifying and reconciling contributions with NHS records.
  • Annual Allowance Calculations – Assessing pension growth and tax liability implications.
  • Lifetime Allowance Checks – Monitoring pension savings to avoid exceeding limits.
  • Scheme Pays Applications – Assisting with applications to settle pension tax charges via the scheme.
  • Remedial Pension Savings Statements – Reviewing and updating contributions where errors occurred.
  • HMRC Pension Tax Returns – Ensuring compliance with tax rules and reporting obligations.

We provide straightforward solutions to handle your NHS pension responsibilities, allowing you to focus on your career.

Having Sial keep all my books in order saves me so much stress, and means that the end of year accounts are just a formality. Happy to recommend them 100%

 

K.W., Optician, Ealing

Locum Accounts

Preparation of associates’ annual accounts, annual drawing projections for associates, cashflow forecasts, budgeting and bookkeeping services, and advice on allowable business expenses.

Incorporation

Advice on self-employed versus limited company status, setting up a limited company, and registration for payroll and corporation tax.

Taxation

Preparation of your personal tax returns, advice on tax allowable expenses and tax planning, preparation of company corporation tax returns, and advice on IR35 regulations.

Other Services

Advice on purchasing a practice, including valuations and financing, advice on asset purchase, including financing arrangements, and mortgage reference certificates.

Why Choose SIAL Accountants for NHS Pension Services?

Managing your Superannuation and NHS Pension effectively is essential for securing your financial future as a healthcare professional. The NHS Pension Scheme guidance provides crucial insights into compliance requirements, including how to navigate employer contribution rates and ensure accuracy in reporting. Understanding the transition from member contributions phase to employer contributions is vital to avoid discrepancies and maximise benefits. At SIAL Accountants, we specialise in simplifying the complexities of NHS pensions, offering tailored support for accurate calculations and timely submissions, ensuring you remain compliant with all regulations while optimising your contributions.

  • Specialist Medical Accountants – Extensive experience working with healthcare professionals and NHS pension schemes.
  • Award-Winning Firm – Recognised as the 2024 AVN Most Inspiring Accountants in Practice Differentiation.
  • Fixed Fees – Transparent pricing with no hidden costs.
  • Compliance-Driven Support – Focused on accurate reporting and meeting NHS deadlines.
  • Collaborative Approach – We work with trusted advisers for broader pension planning needs.
  • Dedicated Assistance – Unlimited email and telephone support for pension queries.
Answers from Our Accountants for NHS Pensions and Superannuation

 

Frequently Asked Questions

 

Take the stress out of accounting and let us handle your financial needs. Whether you’re a salaried GP, locum doctor, or combining both, SIAL Accountants ensure your NHS pension compliance is handled accurately and efficiently with SIAL Accountants. From Type 1 Certificates and Type 2 Forms to pension contribution reconciliation, we deliver accounting solutions tailored for healthcare professionals.

What is a Type 1 Certificate?
A Type 1 certificate is required for GP partners to report pensionable profits annually. We assist in preparing and submitting this form accurately.
What is a Type 2 Form, and who needs it?
Salaried GPs and locums must complete a Type 2 form to reconcile pension contributions. We ensure accurate calculations and timely submissions.
Can you help with pension contributions reconciliation?
Yes. We review and reconcile pension contributions to identify errors and ensure records are up to date.
What is Scheme Pays, and how does it work?
Scheme Pays allows you to pay pension tax charges directly from your NHS pension fund. We assist with the application process to simplify compliance.
Do you provide retirement planning advice?
While we focus on compliance and tax reporting, we work alongside trusted financial advisers who can assist with broader pension planning.
What happens if I exceed my annual allowance?
We calculate annual allowance breaches, help you submit reports, and advise on Scheme Pays applications to manage tax liabilities.

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