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Independents' Day

Accountants allay GP pension fears

Medical accountants are dismissing reports practices will face £2,000 bills for calculating their profits in order to work out GPs' pensions.

GP negotiators also predicted practices will save money under the pension arrangements for the new contract, which will require accountants to calculate each partner's profits to inform the NHS Pensions Agency.

'I don't think there's any place for an additional charge, not even a few hundred pounds,' said GPC joint-deputy chair Dr Simon Fradd.

'In the same way accountants prepare tax returns but they are signed off by the GP, I would anticipate the same mechanism applying to superannuation. It would not make accountants liable for fraud.'

Accountants said they had been assured they would not be liable for the calculations and extra work would be small.

Arthur Dixon, senior manager for private clients at Deloitte & Touche, said the contract could mean charges fall. 'If it's a simplified structure that doesn't place as much reliance on the accountancy profession costs will be much less.'

Association of Independent Specialist Medical Accountants chair David Clough said any extra charge would be 'a few hundred pounds rather than a few thousand' as accountants would not have to 'dig around' to produce the profits assessment.

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