Home

Latest News

By Lindsey Cooper

16th February 2025

Financial challenges facing UK Pharmacies in 2025: Navigating funding cuts and rising costs

UK pharmacies are navigating a complex landscape marked by funding cuts, rising operational costs, regulatory changes, technological advancements, and workforce challenges, but there are way they can look to improve their position by following some best practice guidance. 

Read this post

By Morag Miller

18th October 2024

NHS Public Sector Pension Reform – Action Required!

HMRC requires impacted members to use a new tool produced by them; the ‘Public Service Pension Adjustment’ calculator, along with information detailed within the RPSS, to determine whether there are any annual allowance or lifetime allowance tax charges that need to be reported to them.

Read this post

By Justin Rourke

25th September 2024

Speculation mounting ahead of 2024 Autumn Budget

Ahead of Labour’s first budget, speculation in many news reports has gathered pace - suggesting that it could be especially grim -  and Rachel Reeves, Chancellor of the Exchequer, has now laid the groundwork to ensure we won’t be surprised by tax hikes. 

Read this post

By Benjamin Walsh

29th June 2024

Audit your NHS pension to identify costly errors

The prevalence of errors in NHS pension records is a pressing issue, with reports of nearly 20% of records containing mistakes. These errors can lead to significant financial consequences, from incorrect annual allowance tax charges to discrepancies in accrued pension benefits.

Read this post

By Ryan Taylor

19th January 2024

How proposed changes to superannuation contribution rates could impact NHS pensions from April 2024

Changes to both the employee and employer contribution rates to NHS Pension have been proposed. How could this impact your NHS Pension? 

Read this post

By Benjamin Walsh

4th January 2024

How will recent changes impact your NHS pension?

After another year of changing rules and regulations - the removal of the lifetime allowance and the increase to the annual allowance alongside the implementation of the McCloud remedy - the pension landscape for NHS members has never been more complex. But how do these changes impact your NHS pension? 

Read this post

By Armstrong Watson

30th May 2023

The McCloud remedy and its impact on the calculation of pension losses within personal injury and fatal claims

Historically public sector pension schemes were defined benefit schemes, with pension benefits determined by final pensionable salary. In 2015, the Government reformed public sector pension schemes, introducing Career Average Revalued Earnings (‘CARE’) pension schemes. 

Read this post
gp-pay-transparency

By Morag Miller

5th April 2023

'Pay Transparency for General Practice’ is back!

‘Pay Transparency for General Practice’ was initially introduced (and set out in legislation) in October 2021. However, shortly thereafter, as a consequence of the work demands of covid, the Department for Health and Social Care put it on hold… until now! The data collection has resumed and will commence with NHS Earnings for 2021/22.

Read this post

By Morag Miller

31st March 2023

Spring Budget 2023: Overview of announcements, a medic’s perspective

Despite intense pressure to cut taxes in his first Spring Budget, the Chancellor resisted, and while he seemed to deliver a fiscal plan that promised to stimulate growth.

Read this post
Sales and tax data

By Morag Miller

13th February 2023

Tax Changes for Unincorporated Entities: Change in the Basis Period

The changes may result in significant tax balances through the transitional period, so it pays to plan ahead and be prepared for the change. To ‘fail to plan’ is to ‘plan to fail’!

Read this post

Enquiry Form

All content © 2020 Armstrong Watson. All Rights Reserved. Website by Simon Pighills.

Armstrong Watson LLP is a limited liability partnership registered in England and Wales, number OC415608. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU where a list of members is kept. Armstrong Watson LLP is regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities. Unless otherwise indicated, either expressly or by the context, we use the word “partner” to describe a member of Armstrong Watson LLP or an employee of Armstrong Watson LLP in their capacity as such.

Armstrong Watson Audit Limited is registered to carry out audit work in the UK by the Institute of Chartered Accountants in England and Wales. Registered as a limited company in England and Wales, number 8800970. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU. Armstrong Watson Audit is a trading style of Armstrong Watson Audit Limited.

Armstrong Watson Financial Planning Limited is authorised and regulated by the Financial Conduct Authority. Firm reference number 542122. Registered as a limited company in England and Wales, number 7208672. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU. Armstrong Watson Financial Planning & Wealth Management is a trading style of Armstrong Watson Financial Planning Limited. Armstrong Watson Trustees Limited is a limited company registered in England and Wales, number 84495656. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU.

MyRetirement is a trading style of Armstrong Watson Financial Planning Limited.

Armstrong Watson is a trading style of Armstrong Watson LLP, Armstrong Watson Audit Limited and Armstrong Watson Financial Planning Limited.