Pension Calculations

Which sessions appear on which pension forms

Pension Forms are completed every month as follows;

Pension Form A

The Form A is a summary of the work done at one practice that month (NHS Normal sessions).

One Form A is required for each practice, each month, where you have done normal NHS sessions i.e. not OOH.

Pension Form B

The Form B is a summary of income received that month for NHS Normal sessions.

One Form B is required each month for all the Form A's received back from the practices that month.

A Form B is only created for a month if their are Form A's that have their 'Rcvd From Practice' date set to that month.

Pension Form SOLO

One Form SOLO is required for each practice, each month, where you have done NHS OOH sessions.

Form SOLOs are sent by the practice direct to the employing authority, they are not returned to you.

Calculation Method

The employer contribution is 14.38% of pensionable pay. Pensionable pay is 90% of the the Session fee for NHS Normal sessions and 100% of the Session fee for NHS OOH Sessions. The Session fee is the Session Rate + Extras. Expenses are not included in the pension calculation.

Example 1 - Most basic case

No Extras. No Expenses.
Session Rate£100.00
Pensionable pay (90% of the Session Fee)£90.00
Employer Pension Contribution (14.38% of the Pensionable pay)£12.94
Total (Session Fee + Employer Pension Contribution)£112.94

Example 2 - Including Extras

Extra charge for home visit (which is pensionable). No expenses.
Session Rate£100.00
Home visit£20.00
Session Fee (Rate + Extras)£120.00
Pensionable pay (90% of the Session Fee)£108.00
Employer Pension Contribution (14.38% of the Pensionable pay)£15.53
Total (Session Fee + Employer Pension Contribution)£135.53

Example 3 - Including Extras and Expenses

Extra charge for home visit (which is pensionable). Expenses included (not pensionable, so not included in the pension calculation).
Session Rate£100.00
Home visit£20.00
Session Fee (Rate + Extras)£120.00
Pensionable pay (90% of the Session Fee)£108.00
Employer Pension Contribution (14.38% of the Pensionable pay)£15.53
Expense - travel to and from Practice£8.50
Total (Session Fee + Employer Pension Contribution + Expenses)£144.03

Pension legislation and pension scheme rules are complex and subject to change. PennyPerfect make no claim the information represented here is correct, or that the pension calculations within the PennyPerfect software are correct.