The practice says the rate "included pension"
After you have invoiced. FIGURX works back from a pension-inclusive rate to the actual fee, so you know what you agreed to and what you are owed.
Bill the practice. Keep the pension.
Sessions, rates and the pension split, worked out properly. Including the deadline that quietly costs locums their pensionable service.
What goes wrong.
These are the things people actually lose money and hours over.
The employer contribution is calculated wrong
It is 14.38% of the pensionable pay, which is 90% of the fee, so 12.942% of the fee. Taking 14.38% of the whole fee overstates it on every single invoice.
The 10 week deadline passes unnoticed
Work that ended more than 10 weeks ago cannot be pensioned, with no exceptions, however late the practice pays. FIGURX counts it down from the last date worked.
Six months at one practice changes the rules
After six months of continuous work you are treated as a type 2 practitioner, and Forms A and B stop being the right instrument. Nothing else warns you.
Ask in ChatGPT
Try it without an account.
Connect FIGURX in ChatGPT and ask any of these. Every answer is calculated, and nothing is sent, filed or recorded.
- I did a £500 locum session. What do I invoice if I am pensioning it?
- The practice quoted £564.71 including pension. What is the actual fee?
- I last worked there on 1 August. How long have I got to pension it?
- Invoice Brookfield Practice for three sessions at £150 and two home visits at £60
Open ChatGPT
Copy the address, then add it in ChatGPT under Settings, Connectors.
Worth knowing.
Work through an agency, an umbrella or your own limited company cannot be pensioned on Forms A and B at all, and out of hours and ICB work goes through the Solo process instead. FIGURX tells you when that applies rather than quietly calculating something that will be rejected.