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April 2022 marks a significant turning point in terms of finances for both employers and employees within primary care, as changes to the National Living Wage are made, the new Health and Social Care Levy comes into force and there are additional implications for those paying into the NHS Pensions Scheme. Regular podcast guest and primary care accountancy guru James Gransby returns to walk us through all the updates and what these could mean in real terms for practices and staff as individuals. James is joined by Practice Index panel members Nicola Davies and Claire Houston who reflect on the significance of the changes, how they can best prepare themselves (and their staff) as Practice Managers, and how they might mitigate the risks, and the knock on effect, on the ground.

Introductions (0:30)

Changes to the National Living Wage (1:00)

The Health and Social Care Levy (1:38)

The knock-on effect on employers and employees (2:32)

Impact from a practice perspective (3:07)

Nicola’s reaction / pressure on staff (4:12)

Claire’s views / benchmarking performance in line with finance (6:09)

Implications for recruitment (7:41)

How can we make our vacancies more attractive to potential applicants? (8:49)

Pitting practice against practice (9:41)

Pensions changes in summary (10:53)

The effect of the McCloud Judgement (11:40)

Reviewing personal pensions choices (12:13)

How can we ensure everyone is aware of what’s coming? (16:12)

Where accountancy firms can help (18:05)

Will the additional costs be considered centrally? (19:17)

Contractual pressures (20:21)

Communication is key (21:43)

What else do we need to be aware of right now? (23:17)

The Practice Index benchmarking tool Claire mentioned can be found here

The Practice Index website is here

For all enquiries, please contact James Dillon here or Ben Gowland here