Chartered Accountant, Chartered Tax Advisor and director of
AISMA (Association of Independent Specialist Medical Accountants).
Healthcare partner at Francis Clark LLP specialising in provision of business and tax advice to doctors in general practice.
It's ironic that in the introduction to the DDRB report it states that:
In reaching its recommendations, the Review Body is to have regard to the following
the need to recruit, retain and motivate doctors
I fail to see how a pay award of just 0.28% achieves this objective.
A small crumb of comfort. As only 90% of the locum fee is pensionable, the employer pension contribution is 12.6%, not 14% of the total fee.
If funding gets added to the global sum, 6% will "disappear" as the opt-out cost for out-of-hours is based on the global sum received.