General Practice

• Maintaining profits under increasing budgetary pressures
• Keeping on top of NHS Pension changes and planning for the future
• Ensuring that the practice does not suffer from NHS funding changes
• Protecting your investments by sensible diversification

For a full list of the main areas that you need to keep on top of for successful financial planning, download our 1 page guide on the right hand side of this page...

Nowadays, with so much pressure on budgetary finance and public sector spending, it has become ever more important to satisfy yourself that your practice is making best use of its income. Every deal with suppliers has an impact on partners' incomes and it is vital to strike the best deal possible. Practice Profit® has been working with PCTs and Practices to improve these deals and protect or even improve profitability.

In the past, locum cover was taken out by a practice purely to cover the cost of employing a locum tenens in the event that a practice doctor was ill and unable to work. Nowadays, however, it is much more flexible and comprehensive, and consequently more useful and attractive. For more information, download our 'Guide to Locum Cover' on the right hand side of this page...

The government recently introduced changes to pension taxation which could affect all doctors, but more especially higher earners. In many ways, because of the way that the NHS works, any tax liability that you might be charged is largely unavoidable. Nevertheless, we feel strongly that it is better to be aware of the issues so that you can plan for a bill rather than be surprised.

To find out more, download our 'Guide to Pension Taxation changes' or our 'Update on proposed Hutton Report changes' on the right hand side of this page...