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Pension tax porkies

More senior doctors are triggering harsh tax bills because of pensions tax. However, rash decisions are unwise, warns Hugh Davies, and there are five porkies to watch out for. We have reported many times in Independent Practi­tioner Today in recent months that more senior doctors than ever before are facing substantial tax bills because of […]

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Stop your defence fees rocketing

Various factors help decide what private doctors pay for their indemnity subscription fee. Dr Gabrielle Pendlebury highlights ten of the biggest issues. Many different components make up a member’s subscription rate to a medical defence organisation (MDO) and each of these are assessed annually.  A change in any of those pricing factors can have a […]

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See things from the patient’s view

Montgomery five years on: Niloo Bozorgi reflects on how the consent landscape has changed for doctors. In 2015, the Supreme Court handed down judgment in the case of Montgomery v Lanarkshire HA [2015] and effectively changed the understood legal definition of informed consent. The doctor who is counselling a patient before a procedure or course […]

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You can’t afford to ignore social media

Private Practice Growth Guide The Private Practice Growth Guide is designed to give independent practitioners the knowledge and tools they need to develop their private practice. Whether you are an experienced private consultant or GP, or are new to private practice, this series by Jane Braithwaite will serve as a helpful guide to the exciting, […]

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Up to date on revalidation?

Mr Ian Mackay, Responsible Officer for the Independent Doctors Federation, gives Independent Practitioner Today readers an update on revalidation following Sir Keith Pearson’s review. In January 2017, the GMC published Sir Keith Pearson’s independent review of revalidation entitled Taking revalidation forward. In response to this, a Revalidation Oversight Group was established with representation from many […]

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What are you doing to attract patients?

Private Practice Growth Guide The Private Practice Growth Guide is designed to give independent practitioners the knowledge and tools they need to develop their private practice. Whether you are an experienced independent practitioner or are new to private practice, this series by Jane Braithwaite serves as a helpful guide to the exciting, and sometimes confusing, world […]

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Keep your lifeblood flowing

Many consultants and GPs with busy private practices sometimes lose sight of cash flow management. Cash is the lifeblood of a business and those running businesses are advised to remember that ‘cash is king’.  Susan Hutter gives her five top tips for freeing up and managing cash flow. Credit control GPs and consultants in private […]

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Giving voice to the private sector

The new president of the Independent Doctors Federation, private GP Dr Neil Haughton, reveals his plans and hopes for the organisation in the years ahead. At the Independent Doctors Federation (IDF), we have seen the need to adapt our role and services to the independent medical community and my priority in the next three years […]

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Ensure you pass it on when you pass on

Half of the adult population dies intestate. Don’t let that happen to you. A will is one of the most important documents doctors in private practice will ever write. Fiona Wilson shows why. Independent practitioners need to carefully consider their financial affairs throughout their professional lives and into retirement, keeping their will under periodic review.  […]

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Beware the annual allowance: A financial planner’s view

Will you join the thousands caught out by the ‘taper’? Dr Benjamin Holdsworth sets out the essential steps needed to check your pension’s tax position. More and more doctors are triggering substantial tax bills because of harsh pension savings regulations, which are difficult to understand and easy to get very wrong.  In January, a Freedom of […]

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A guide to take you to the top

New series: Private practice growth guide The Private Practice Growth Guide is designed to give independent practitioners the knowledge and tools they need to develop their private practice. Whether you are an experienced independent practitioner or are new to private practice, this series by Jane Braithwaite will serve as a helpful guide to the exciting, and […]

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All hell to pay

Many doctors with busy private practices, especially those who also have an NHS practice, sometimes allow the management of their finances and their practice to take a back seat and, inevitably, mistakes occur as a result.  Susan Hutter gives her advice on how to avoid some of the most common business howlers that trip practices […]

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