Practice accounts, partnership tax, pension certificates and annual allowance — handled by a firm founded by a practising GP partner who deals with the same numbers you do.
A GP partner isn't an employee — you're a self-employed business owner whose income moves with the practice, whose tax runs a year behind, and whose NHS pension needs an annual reconciliation most accountants have never prepared.
You're taxed on your profit share, not the monthly drawings that land in your account. When the practice does better than forecast, the tax bill follows — often eighteen months later. Without regular forecasting, partners get blindsided.
Every GP partner must file an annual Certificate of Pensionable Profits with PCSE by 28 February. It depends on finalised practice accounts and your profit share — and it's a form most general accountants have simply never seen.
NHS pension growth plus a good profit year can quietly push you over the tapered annual allowance — triggering tax charges partners often only discover when it's too late to plan. This needs reviewing every single year.
We work exclusively with medical professionals — and the firm is run by a practising GP partner. Partnership accounts, profit shares and pension certificates aren't a specialism we dabble in. They're the day job.
Full partnership accounts covering GMS/PMS contract income, enhanced services, QOF, reimbursements and staff costs — prepared to the standard lenders and incoming partners expect.
The partnership return, plus each partner's self-assessment with payments on account managed — filed early so every partner knows their January bill months in advance.
Annual Certificates of Pensionable Profits prepared from the practice accounts and filed with PCSE by the 28 February deadline — for every partner, every year, as standard.
Yearly review of your pension growth against the tapered annual allowance, with Scheme Pays elections prepared where a charge arises — before the deadline, not after it.
Admissions, retirements and profit-share changes handled properly — capital accounts, current accounts, tax elections and pension implications all dealt with at the right time.
Quarterly profit forecasts so drawings stay aligned to what the practice is actually earning — and no partner faces a January tax bill their drawings never provided for.
For many GPs the biggest financial decision of their career. Below is the honest side-by-side — the right answer depends on the practice, the deal on the table, and what you want the next ten years to look like.
Every GP partner in the NHS Pension Scheme must complete an annual Certificate of Pensionable Profits — commonly called the Type 1 certificate. It reconciles the pension contributions collected through the practice against your actual pensionable profits once the accounts are finalised.
Because pensionable profit depends on the practice accounts, your profit share, and adjustments for non-NHS income, the certificate can't be done in isolation — it has to be prepared alongside the practice accounts and your personal tax return. Get it wrong and your pension record is wrong, which quietly follows you all the way to retirement.
Behind on certificates from previous years? That's common — and fixable. We can work through prior-year certificates and bring your pension record fully up to date.
NHS pension growth is measured against the annual allowance each year — and for higher-earning partners the allowance tapers down, so a strong profit year can create a pension tax charge on top of the income tax bill.
The charge can often be settled through a Scheme Pays election, where the NHS scheme pays it in exchange for a reduction to your future pension — but the election has a hard deadline, and deciding whether it's the right move needs your growth figures, not guesswork.
We review your pension savings statement and taper position every year, quantify any charge, and prepare the Scheme Pays election where it makes sense — before the window closes.
Beyond practice-level expenses, GP partners can typically claim personally for:
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