Meet the Director Robert Wegner - Lentells
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Spring 2021
Meet
the
Director
Robert
Wegner
Robert Wegner joined the Board of Directors
in March 2021. He has been at Lentells for Key GP accommodate the changes in childhood
immunisations. Additional funding is
over 8 years and in this time has accumulated
a wealth of knowledge, specifically in the Contract possible this year due to the increase in
points available.
Changes
medical sector. He acts for a number of
medical practices ranging from smaller single • A new vaccination and immunisation
practice entities to large multi-partner domain will be introduced within QOF.
businesses as well as acting for locums and
salaried GPs.
2021/2022 • Investment into QOF for the SMI
physical health check indicator set and
In addition, Rob heads up the Lentells Estates •G
lobal sum increases from £93.46 to support uptake
and Probates department within the Chard £96.78 per weighted patient
office and is able to undertake probate work • Childhood immunisations DES has been
and Will writing on behalf of clients, as well as •OOH opt out reduces from 4.77% to scrapped. Practices will now receive £10.06
advising on discretionary trusts. 4.75% (£4.59 per patient) per vaccine
He is able to assist with the day to day •Q
OF value increases from £194.83 • Additional roles reimbursements to
recording of medical finances and the various to £201.16 with the average list size continue. From April 2021, paramedics,
tax implications that should be considered, as increasing from 8,799 to 9,085. The points advanced practitioners and mental health
well as advising on longer term plans including available increase from 567 to 635, to professionals will be added.
partner changes and mergers. He has
expertise in the various methods of financing
that can be used for property changes for owners, whether this is partnership, LLP or a specific funding and sources of income.
partners or developments of new premises limited company.
and the available tax reliefs associated with In his spare time Rob is a keen gardener. He
property developments. Rob’s clients span across a large geographical also enjoys watching live sport and is an avid
area, from Cornwall to Gloucestershire and Exeter City supporter. Robert has taken part
He also acts for a number of owner managed across to Berkshire. This means he is able to in the National Three Peaks challenge and The
businesses and is able to assist with advising advise on trends across medical practices in Great West Run and through these events
on the various structures available to business different regions whilst also focussing on area raised funds for local and national charities.
GP Money Matters 1
McCloud Judgement – Public
Service Pension Schemes
In 2015 the government made changes to be retained and access to these benefits will
pension schemes which were found to be remain the same.
discriminatory against younger members.
The processes needed to support members
Many NHS Pension Scheme members will have to make choices when they retire are to be in
Type 2
transferred over to the 2015 NHS Pension place by 1 October 2023.
Scheme on 1 April 2015 or later, under
transitional arrangements. Members will now Taxation
Amnesty Forms have the option to move contributions made
during the remedy period back to their legacy
Changes to benefits for the remedy period
may mean a new or higher annual allowance
Type 2 Superannuation Certificates should scheme. charge. For any underpaid tax, scheme pays
be completed yearly by: will be available. Where a member has over
• Salaried GPs employed by GP practices, The remedy period that the discrimination paid tax, a tax refund will be made or an
alternative providers of medical services applies to is from 1 April 2015 to 31 March 2022. adjustment to any scheme pays arrangement.
(APMS) contractors or by LHBs.
Deferred Choice Underpin (DCU) means Any additional tax payable is subject to a
• Long-term fee based/self-employed members will have to make a choice when 4-year statutory time limit, however there are
GPs who work for GP practices, APMS they retire and will receive two Annual Benefit no time limits on tax refunds or alterations to
contractors, or LHBs. Statements. Scheme Pay Elections already made.
• GP who works solely on a self-employed Retired members will make the choice Adjustments to lifetime allowance changes may
basis for an Out of Hours Providers that retrospectively, with pension payments be required where benefits have been taken.
are an Employing Authority or on a self- backdated to the date of retirement.
employed basis for NHS Trusts/Foundation Members may have a change in contributions
Trusts that provide Out of Hours services From 1 April 2022 all active members will in the remedy period which may affect their
become members of the reformed 2015 scheme. income tax position.
Without submitting your Type 2
Superannuation Certificate each year, your For GPs previously in the 1995/2008 Scheme, Retired members pension may change with
NHS pension record will not be up to date, any service earned up until 1 April 2022 will tax due on an increase in pension income.
meaning there will be gaps in your record
Final Pay Controls Update
of pensionable earnings and you will not be
able to obtain an accurate estimate of your
future NHS pension benefits.
Final pay control charges apply where a •Increase of pensionable profits due to
You may not feel the impact of this in the pension scheme officer or practice staff National Clinical Excellence Award
early stages of your career, however this member with 1995 scheme membership has • Promotions following open and fair
will become more significant as you get a pensionable pay increase in the 3 years competition
closer to retirement. To assist GPs who prior to drawing their NHS Pension, which • Increases due to ending of salary sacrifice
are behind with submission of their Type exceeds an allowable amount, giving rise to • If a non GP provider has an increase
2 Superannuation Certificates, PCSE have disproportionate NHS pension benefits. beyond the allowable amount, where the
released amnesty forms, which cover percentage share did not increase.
years from 2009/2010 – 2014/2015 and These control charges have been reviewed by
2015/2016 up to 2016/2017. the NHS Pension Scheme Advisory Board and These changes are proposed to take effect
they have proposed the following changes:- from 1st April 2021.
If you know you have not completed Type
2 Superannuation Certificate for one of 1 The allowable amount be increased to CPI Form FPC1 is available on the NHSBSA
these years, then you can do this now but plus 7% instead of 4.5% meaning that this website and should be submitted when
you must use the amnesty form, which is would reduce the number of pay increases employers complete the retirement
available to download from NHS Pensions exceeding the allowable amount. benefits form for staff (AW8) and
website. A help sheet is available from 2 To introduce further exemptions to the anticipate the staff may have had a pay-rise
Lentells to assist with the completion policy and therefore exclude from final pay in excess of the allowable amounts. This
of Type 2 Certificates. Email your usual control the following:- aids NHS pensions in their investigations
contact or medical@lentells.co.uk to •P ay increases in line with certain nationally as to whether a charge exists.
requests this. agreed contracts excluded
2 GP Money Matters
New To
Partnership
Payment
Scheme
Do Not Miss
Out On
Scheme Pays In The New to Partnership Scheme is available part of the grant to cover the cost of tax
2019/2020 to healthcare professionals who are taking
on their first partnership role after 31 March
and National Insurance.
2020, with up to £20,000 of funding available. The New to Partnership Payment should
For 2019/2020 only, it has been agreed by Funding is not yet available to Practice be released to the accounts based on one
NHS Pensions and HMRC that any tax charge Manager partners. fifth of the amount received each year, to
arising from exceeding the annual allowance coincide with the timescale over which the
can be met by NHS Pensions, with no charge This funding is required to be passed in partner has to remain at the practice for the
to your pension pot. full to the new partner. The applicant must whole payment to be retained. The income
remain as a partner at the practice for should be included on a separate line within
In order to use the service, you have to the next five years, or a proportion of the the accounts, and be included as a prior
comply with the rules set out funding will be clawed back. Practices need share of income to the new partner.
• Scheme pays application must be submitted to ensure that a clause requiring repayment
to NHS Pensions by 31 July 2021. of the New to Partnership Payment is The application for the New to Partnership
• Along with the scheme pays application you included in the partnership agreement, Payment Scheme is completed online via the
should also send a BMA letter which sets out so that should the new partner leave the Primary Care Workforce Portal, and requires
the detail of the scheme pays. practice within five years, they are obligated the partnership agreement as evidence of
• A compensation form must also be to repay the money to the practice. the equity share and partnership role.
completed and submitted to PCSE by 31
March 2022. A partner working less than full time (37.5 Up to an additional £3,000 is also available
hours per week) will be paid the £20,000 to successful applicants to support training
We will provide all of our clients with the on a pro-rata basis. Participants must in partnership skills development. The full
forms above, where required, in plenty of time. work at least 2 clinical sessions (4 hour 10 amount is available to every successful
minutes each) per week to be eligible and applicant, regardless of hours worked,
Where we do not have up to date pension be an equity sharing partner. Fixed share however, the new partner must complete
annual allowance figures we will assess each partners may be eligible for a reduced level one year at the partnership in order to
individual and submit an estimated scheme of funding, and require additional evidence to receive the reimbursement, which will be
pays based on a nominal figure if we believe be provided in the application to obtain the paid shortly after the one-year anniversary
there is a chance the individual will exceed the funding. of the new partner. This funding is a direct
annual allowance. reimbursement for courses undertaken to
The funding is subject to tax and National gain the non-clinical skills required within
Scheme pays can then be amended up to four Insurance, however, is not subject to NHS a partnership role, with evidence of course
years after the deadline of the tax year in Pension contributions. An additional 20% on costs to be provided for receipt of the
question (31 July 2025). top of the available funding will be paid as reimbursement.
Applications can be revoked where there is
no tax charge and amended where this is a for submission of the compensation forms. can be done via PCSE’s ‘contact us’ form by
tax charge. This will be via their website and it is likely selecting ‘individual protection’. If you do
it will be via their ‘contact us’ form. The not have an up to date Annual Allowance
Whilst scheme pays forms and the BMA portal is due to open in August. It is possible Pension Savings Statement, then you should
letter should be sent to NHS Pensions, to go ahead and submit your compensation contact NHS Pensions to request one.
PCSE will be opening a dedicated portal form prior to the portal opening and this
GP Money Matters 3
How to
contact us
Incorporation Of Primary
Care Networks Lentells Medical
Services Division
As PCN’s continue to grow with increases members, this would be payable as a dividend, 17-18 Leach Road,
in staffing levels and services provided, some with most partners taxable on the dividends Chard Business Park, Chard,
PCN’s are looking at whether to create a at 32.5% (after an initial £2,000 tax free Somerset TA20 1FA
limited company. allowance). This therefore equates to an Telephone: 01460 64441
overall tax rate of 51.5% compared to a E-mail: medical@lentells.co.uk
Limited Companies are separate legal entities rate of 40% which would be applied to most Web: www.lentells.co.uk
and the member PCN practices would partners if a limited company was not used.
be shareholders. As the PCN enhanced Lentells Limited Chartered
service is linked to the individual primary 3. Currently, for staff employed through the Certified Accountants
care contracts of the member practices, the PCN company to be members of the NHS Reg No. 4622793 England. Registered Office: 17
Limited Company would need to act as a pension scheme, the company needs to apply - 18 Leach Road, Chard Business Park, Chard.
subcontractor to the PCN practices. for NHS direction/determination status, Somerset. TA20 1FA
with this process expected to be extended Registered as auditors and regulated for a
The main advantages to using a limited until 2022. This is only a temporary measure, range of investment business activities in
company for a PCN are as follows: however and if it is withdrawn, then staff could the United Kingdom by the Association of
face exclusion from the NHS pension scheme. Chartered Certified Accountants
1. The liability of members is normally limited Access to the NHS pension scheme via this
to the cost of their shares. This can therefore measure is also conditional on the employed Lentells Estates and
provide significant protection should the staff directly assisting in the performance of Probate Services Limited
company become bankrupt or subject to a GMS/PMS, APMS, PCN/ARRS. Reg No. 11502849 England. Registered Office:
legal claim. 17 - 18 Leach Road, Chard Business Park,
4. There are additional costs involved in Chard. Somerset. TA20 1FA
2. Any surplus remaining at the end of the running a limited company, including much Authorised by the Association of Chartered
accounts year remains within the company, higher accounting costs, since accounts must be Certified Accountants to carry out the
and would be taxable on the company. prepared in a statutory format for submission reserved legal activity of non-contentious
to Companies House, and a corporation tax probate in England and Wales.
3. The company can employ staff directly. return will also be required. In addition, there
This can help to negate any issues that may are likely to be additional professional services Probate services are provided by Lentells
arise due to VAT recharges and also ring- incurred in setting up a limited company. Estates and Probate Services Limited, a wholly
fences any liability for staff within the company. owned subsidiary of Lentells Limited.
5. The accounts will be publicly available
4. The company could enter into contracts on Companies House, although these will Neither company is authorised under the
for additional non-DES funding streams in normally be abbreviated accounts, which Financial Services & Markets Act 2000 but we
its own right. include reduced information. are able in certain circumstances to offer a
limited range of investment services to clients
There are however various problems with 6. It can be quite difficult (and potentially because we are regulated by the Association
using limited companies as follows: expensive) to unwind limited companies if the of Chartered Certified Accountants. We can
PCN does not develop as expected. provide these investment services if they are an
1. There is currently no facility for PCN incidental part of the professional service we
funding to be paid directly to a limited 7. The company will need to register with the have been engaged to provide.
company, therefore any funding would need to CQC.
continue to be paid to the lead practice, and
transferred to the limited company. At present, Lentells are not recommending
incorporation of PCNs for most clients, until
2. Companies currently pay corporation tax there is further clarification over the NHS
on profits at 19% (although this will increase Pension status. This will be kept under review
to 25% in 2023 for some companies). If and clients contacted in due course if the
there is a wish to share profits with practice position changes.
4 GP Money Matters
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