National Insurance as a GP - Nichols Medical Accountants (2024)

National Insurance as a GP - Nichols Medical Accountants (1)

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    Navigate GP National Insurance

    Many GPs pay more National Insurance than necessary due to multiple income sources. Learn how to manage contributions effectively and avoid overpayment.

    Prevent Overpaid GP Contributions

    We specialise in ensuring GPs do not exceed the annual maximum on National Insurance contributions and assist in reclaiming any overpayments.

    Extended Services for GP Accounting

    Nichols & Co Medical Accountants offer a full range of services that support all aspects of GP practice financial management. Explore our advanced tax strategies and pension management services tailored for medical professionals.

    • Accounting
      • Accounting for GP Practices
      • Claiming Business Expenses
      • Claiming Motor Expenses for GPs
      • Tax Refunds
    • Taxation
      • Taxation for GP Practices
      • National Insurance as a GP
      • Tax Planning
      • Paying Family Members
    • Benchmarking
    • NHS Pensions
      • NHS Pension Review
      • Superannuation and Pensions
      • Form GP SOLO: What is it for?
      • Scheme Pays Election
    • Tax Enquiry Protection

    GP National Insurance Benefits

    Through our decades of experience working with GPs, we have seen this time and time again. Let us help you to stop overpaying National Insurance.

    • Scrutinise and adjust NIC payments
    • Reclaim past overpaid contributions
    • Avoid unnecessary future payments
    • Expert handling of dual incomes
    • Previous years reclaim service
    National Insurance as a GP - Nichols Medical Accountants (2)
    National Insurance as a GP - Nichols Medical Accountants (3)

    Aligning Your NI Contributions

    Our approach begins with an audit of your National Insurance contributions to ensure accuracy, followed by reclaiming any overpayments and securing your financial interests.

    We have received an excellent service since we moved to Nichols & Co. The transition has been the most hassle-free and transparent. They are always very helpful with any queries you might have and have a very good working knowledge of General Practice and are keenly aware of the challenges Practices face within the changing environment of the NHS.
    We have been very impressed by the way Nichols & Co continue to deliver the range of services they provide from Accounts to Tax and NHS Pension advice.

    At the year-end meetings, the accounts are presented in an understandable format without any unnecessary jargons. We have found Practice consultation and advice on Practice as well as personal tax matters from Nichols & Co specifically helpful.
    We would not hesitate to recommend them to other GP Practices.

    Dr William Jasper, GP Partner

    I am a GP who works both in salaried and sessional roles. I have been with Nichols & Co for nearly three years. They have helped with my tax returns and can help with the range of different forms required in GP work. Danny and Shadmir have been accurate and efficient in their advice and guidance throughout. They have also been helpful and responsive when I have needed advice on the purchase of a car and also when looking to prove my income in order to get a mortgage.

    The system for providing income details and expenses is very easy to use and the summary they provide of how and when to pay your tax could not be clearer. Iwould recommend Nichols & Co to any colleague looking for an accountant with a good knowledge of GP work.

    Dr C DeSouza, Salaried GP

    I’ve been with Nichols and Co for nearly 10 years with Debra being my accountant. I first contacted them when I received letters for tax arrears due to the wrong tax codes being applied during my hospital jobs.

    Debra sorted this matter out and has always provided helpful and honest advice regarding tax matters. She has also helped my wife with her tax returns. I would definitely recommend their services for accounting matters with a special interest in helping doctors with their tax affairs. They are approachable, helpful and efficient.

    Dr Ravi Bansal, Locum GP

    “They show a high level of integrity and I value that”

    Khalid Ismail, General Practitioner of over 30 years and Senior Partner ofSouth Lewisham Group Practicein South East London explains what he values the most from working with our Nichols & Co team and how we support their medical practice.

    Get in touch
    Contact us for specialist medical accountancy services for GP Medical Practices

    If you’re looking to plan your finances for the future or trying to find an answer to a problem then get in touch today.

    Telephone: 020 8850 3300

    We’re open from 9am to 5pm Monday to Friday. We are closed on bank holidays.

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      National Insurance as a GP - Nichols Medical Accountants (2024)
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