Seniority payments

The estimated Average Superannuable Income Figure for 2005/06 is £80,940.

This figure excludes an estimated average seniority payment for 2005/06. Similarly, PCTs will need to subtract a GP's estimated 2005/06 seniority payment from their estimated superannuable income for the same year before calculating their seniority figure.

To calculate a GP's superannuable income figure:

Earnings in 2005/06 - estimated seniority payment in 2005/06 = superannuable income figure.

If the GP provider has a superannuable income of between one and two thirds of the Average Superannuable Income figure, which is £80,940, only 60% of the full annual amount payable in respect of a GP provider with his Reckonable Service is payable under the SFE in respect of him. If he has a superannuable income of less than one third of this of this figure, no Seniority Payment is payable under the SFE.

Technical Steering Commitee