Ep 333: The GP Contract in Scotland...

Ep 333: The GP Contract in Scotland...

This episode (originally from the GP Practice Finance Course) features Scottish experts Dawn Laird and Colin Malone from Forvis Mazars explaining key elements of the Scottish GP contract and practice finance. They outline NHS Health Board income streams shown on monthly statements, including global sum (the largest), enhanced services, reimbursements, and deductions for seniority and superannuation. They describe how the Scottish workload formula values patients (especially by age, plus uplifts for new registrations and care homes) and note trends of rolling income into global sum, plus Scottish Government plans for £148m recurring funding by 2028–29 focused on workforce, locum cover reimbursement from day one, expense reimbursement, cloud-based telephony, and health inequalities. They review major costs (staffing and premises), practice structures (partnerships, LLPs, limited companies and superannuation implications), premises loans and grants, superannuation processes and opting out considerations, seniority rules, and pension administration via SPPA Engage, McCloud remedy statements, benefit statement timing, and retirement options.

00:00 Welcome and Course Intro

00:47 Meet the Experts

02:04 NHS Income Streams Explained

04:06 Global Sum and Workload Formula

06:51 New Funding and Contract Changes

11:05 Key Costs Staff and Premises

14:45 Practice Structures Partnership LLP Ltd

21:58 Premises Loans and Grants

26:40 Superannuation Basics and Planning

35:44 Seniority Rules and Session Changes

37:13 SPPA Portal and McLeod Updates

42:04 Retirement Options Partial and Return

46:04 Wrap Up and Q&A

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Ep 332: Can you protect your house from the local authority?!

Ep 332: Can you protect your house from the local authority?!

Find a Solicitor here: https://medicsmoney.co.uk/medical-solicitor/Cyra hosts Trish Venables, a solicitor at Talbots Law, to explain asset protection as maximising assets preserved for descendants and...

7 Heinä 23min

Ep 331: Do you have this common NHS Pension problem...? (and what to do)

Ep 331: Do you have this common NHS Pension problem...? (and what to do)

On this episode, Cyra is joined by GP Dr. Steve Taylor and specialist medical accountant Andy Pow to discuss Steve’s difficult experience getting his NHS pension sorted ahead of semi-retirement at 60 ...

30 Kesä 21min

Ep 330: The Future of Medics' Money - HUGE update!

Ep 330: The Future of Medics' Money - HUGE update!

https://medicsmoney.co.uk/pastest/In this very special episode, we have exciting news.

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Ep 329: Digital Tax Revolution: Don't get left behind!

Ep 329: Digital Tax Revolution: Don't get left behind!

Andy Pow hosts this week's podcast with Forvis Mazars healthcare accountants Dawn Laird and Lee Simmonett to explain Making Tax Digital (MTD) for income tax, described as the biggest change since the ...

16 Kesä 28min

Ep 328: The early retirement strategy doctors don't know about....

Ep 328: The early retirement strategy doctors don't know about....

This week's guest: https://nichols.co.uk/This week we cover how NHS doctors, especially consultants with private work or side hustles, can use a “money box company” (a limited company/personal service...

9 Kesä 39min

Ep 327: Missing funding, quick wins for doctors and more at AISMA 2026

Ep 327: Missing funding, quick wins for doctors and more at AISMA 2026

Tommy and Ed were invited to speak at the Association of Independent Specialist Medical Accountants (AISMA) Conference, then Tommy roamed around finding experts to interview in true Medics' Money styl...

2 Kesä 21min

Ep 326: "You thought earning more would make the problems go away…” w/ Cleo Nedd

Ep 326: "You thought earning more would make the problems go away…” w/ Cleo Nedd

This week, Cyra (doctor and chartered accountant) interviews Cleo Nedd, a personal wealth strategist who helps high-achieving women turn income into lasting wealth and reduce reliance on exchanging ti...

26 Touko 40min

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