How much do I earn as a Doctor in the UK (Full breakdown of my salary 2024)
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- Опубликовано: 2 июл 2024
- Is Medical career in UK superior? Or it only makes you money poor?
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In this video I document every single detail of a junior doctor pay slip. At least to the extent that I've been able to understand the pay slip myself. This pay slip would look very different for a consultant or a fully qualified GP but for average folks like you and me, this video should be a good starting point. We work normal 8-5 shift and also work anti-social shifts (meaning, shifts which take you away from the time you'd have spent socializing or sleeping). All this gives us basic income and then some more. So after all that income combined, we discuss taxes, national insurance, pension and debts that are deducted from our income every month. Technically I don't even like to think of taxes as anything bad or a loss of my income. I have arranged my mindset in a way that the gross pay before taxes is just an imaginary number and I am never going to get that number simply. It's only when I would start a business that I would crib about my income being lost in taxes because every bit of that money was something I worked hard to earn from my clients (by quoting/negotiating/bargaining etc.). Such a concept doesn't apply to employees.
Hopefully you come out learning something about our pay slip as well as seeing how well you can expect to earn in your future years working as a doctor in the UK.
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CHAPTERS ⬇
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0:00 Intro
0:43 My Salary (but not final earning)
1:09 Why a junior doctor should watch this video
1:37 Basic salary for all doctors
2:22 What is basic salary
2:52 What is the pay for anti-social hours?
4:18 My Pay slip
4:36 My Income section
4:55 Basic Pay hours
6:09 Additional Roster Hours
6:46 Night Duty
8:22 Weekends
9:12 Summary of income (+Taxman guest appearance)
10:26 Deductions
10:36 PAYE
11:04 UK Income tax brackets
12:42 National Insurance
13:12 NHS funding
14:40 National Insurance Brackets
15:07 Pension (+Old Abhinav guest appearance)
18:47 CRB Enhanced check
19:41 Net effective income
20:14 Bills and savings
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👨🏻⚕️ Who am I?
🎵🎵 I'm a butterfly, sugar🎵
🎶I fly when I slip on butter🎶
My name is Abhinav Kumar. I am a junior doctor (means any doctor who has not yet got the full license to practice independently, aka someone who is not yet a "Consultant") working in the UK. I did med school from India and got MBBS degree from Kasturba Medical College, Mangalore in 2020. Then I spent 2 years during COVID working on PLAB exams which are like USMLE but for the UK. I eventually got a job in the UK and now I am working full-time as a doctor, with RUclips on the side for fun and information sharing.
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Is it per month ???
@ragulraje7 seems like a one off thing. The per month is called "join"
@@ragulraje7 per annum
Very informative and transparent video Doctor. Keep up the good work. Cheers 👍
Very informative! Keep it up.
Probably the first video I have seen that gets straight to the point. Keep up the good work
Thanks a lot Abhinav🤝🏻, for explaining the intricacy at 5:30 of how that precise figure of 173.81 is reached. It was bothering me for some time. I am now at peace🧘🏻♂️
Thankyou. It took me a while to wrap my head around this elusive number as well. Glad to be of help!
Love how the tax man came out lol! Thank you for this discussion, Doctor! Loved it, so clear and concise 😊
Glad you enjoyed it!
You've explained it so well
Thankyou
Thanks doc
Really wonderful video. Thanks a lot Dr.
Most welcome!
Very informative with a nice touch of Tax based humour, subscribed ! 😁
Haha! Thanks and welcome aboard.
Very informative & transparent!! Thankyou ❤
Great video bruv 💯🔥 sky is the limit
Thanks Doc! Love your channel too!
One of the best video on NHS salary I have seen. Thank you so much
Very objective video. Good job man.
Thanks Avishek!
Great content. Good luck, gold ❤
Appreciate it!
Thanks for the video! Wish u the best!
Thank you! You too!
Thanks for the breakdown. Very useful, nice video Abhinav
Glad you liked it
I found it interesting to compare my pay in video games which is an entirely different industry of course to what you're doing, and found that the bracket and payscale is quite similar, either way the detailed breakdown was appreciated and well worth the watch (there are also quite some stark differences between the industries which is to be expected).
For anyone thinking about coming to the UK on a 34K per year salary - as evidenced by this video, you can probably see clearly that after tax deductions, it really doesn't leave you with too much left over. I would definitely have figured that into my long term plan if I were to do it over again, but live and learn.
thank you for sharing your information about monthly salary in the uk. Your video gives me more information about what my wages are deducted from "Tax"
Great job Dr Abhinav. Excellent explanation
Thanks a ton
Keep going buddy ❤
I feel really sorry for you guys. A basic salary of £32k is a joke, even after years of work you can only earn £58k that's absurd. I pay my children's nanny more than that and she has no qualifications. She's on about £50k a year. And I know that most nannies (not mine though) receive their salary in 100% cash (so no tax) and claim benefits - some are live in so don't pay rent, so they are on more like £70k a year.
Is this rich ppl paying their nannies this, how do they find a person . I wod be greatful as my kids are nearly grown adults and this sounds interesting
Have you inflated the figures? Even a university teacher starts at much a lower salary than your nanny. I can only assume that you are an Arab sheik. Even rich UK people would not pay £50000 for a nanny, not even the royals.
If your nanny ever leaves, please ket me know.
But if this guy qualifies as a GP and work as a GP locum his pay rate will immediately shoot up to around £100/hr!😂
@@ChrissieSMbut he is quite right that salary is low for doctors…
In India even a MD medicine as a fresher earn 2000 pounds and after some years experience he earns 4000 pounds
And if he do his superspecality then it’s shoot 5000-15000 pounds
Despite the living cost is One fourth of UK…..and UK is developed country…
In Aussies also doctors earn so much money
@@dr.rhinesarkar31094can't we move to aus after fy2
Bro pls keep doing this osum contents👌🙌I'm getting intrigued to this...!!it's an eye opener, currently working as medical officer in Maldives planned to move uk this is really helping me 👍
Thanks for the encouragement Akash! Glad to be of help! That's so cool! I had two friends from Nepal in my Plab 2 group who were also working in Maldives. They both eventually landed a job in UK. Don't know where though. Haven't spoken to them since March last year
Don't move to UK from Maldives... 😮
To anyone out there saying "doctors are paid as much ss my bank manager". You should realise your bank manager wont ever be at your bedside trying to save your life.
Useful thanks 😮
Welldone for this. My sister just began working as a Medical doctor in the UK and I wish she had the nuanced kind of attitude that you have. She has been brainwashed to see everything as negative sadly.
Could you please elaborate what she thinks?
NHS ❤ Passionate nurses, doctors and paramedical staff. Hats off. Thank you. 🙌🏻
But no pay…rather than 2008 salary in 2023!!!!HorribleTaking advantage of their dignity…Their humanity is exploited to the core….Solicitors are the people who are making money…actually which has to be cheap for a person to get his justice…Now Justice is only for the rich who can afford it..Doctors who risked their life for others at COVID gets only claps 👏not even the basic Salary which they have to normally receive like any other profession
The NHS is the worst healthcare in Western Europe, other European countries are so ahead.
Anyone praising the NHS is clearly delusional, it's such an efficiency jump when you go to countries such as Germany or Belgium and use their healthcare.
Very long waiting times, staff who qualified in third world countries and are now working for the NHS (something that never happens in Europe) how many misdiagnosed and died, how many sent home and died, 7.7 million people on the NHS waiting list, not enough beds, not enough parking spaces around hospital, hospitals are old and outdated, GP doesn't care, people pulling their own teeth out because they can't get a dentist appointment and so on.
@@KyojuroRengoku98 1. I am not comparing. 2. Your mentioning of third-world sounds racist and demeaning. Try to work as a nurse or support worker in the overburdened system full of patients. 3. I am in healthcare and I know what I am talking about. 4. I lived for 15 years in Europe and mostly Germany. Their system is overburdened too and now people from other countries are coming to join and support their healthcare system. Go anywhere in the English speaking world and you will find it full of international people (but maybe you associate skills/competence by the color of their skin and their origin). Be grateful and empathetic, many countries in the world do not have access to even basic healthcare and we are talking here about not just healthcare but also social care. 🙏🏻
Im not a doctor but i found the video very informative and i learned things i didnt know. Ive been a uk citizen from birth too 😂
this is typical case of anyone who can be a doctor including babes in the womb ???
Very educative.....
A video on your monthly expenses as a doctor in uk
Plz if possible 😊
Thanks for this informative video🌹 could you also make a video about working schedule of this payslip. For example how many days off or night shifts someone would have during a month🙏🏻
Great suggestion!
Hi
very informative
Thank you so much
You're most welcome
Good explanation doc, I am NHS employee too.
That's great
You did well with this salary breakdown. Good job!
You can opt out from pension scheme and add the money in your bank account. Pension is not mandatory and you can opt out.
Great informative video and All the best. Hope hard working doctors like you deserve more.
My feed back about NHS is a disaster. Half knowledge people work and they are extremely rude!
Hope the system gets fixed.
Nayaz I have had recent experience of the N H S and the nurses and doctors were wonderful .
@@annewalden3795The NHS is the worst healthcare in Western Europe, other European countries are so ahead.
Anyone praising the NHS is clearly delusional, it's such an efficiency jump when you go to countries such as Germany or Belgium and use their healthcare.
Very long waiting times, staff who qualified in third world countries and are now working for the NHS (something that never happens in Europe) how many misdiagnosed and died, how many sent home and died, 7.7 million people on the NHS waiting list, not enough beds, not enough parking spaces around hospital, hospitals are old and outdated, GP doesn't care, people pulling their own teeth out because they can't get a dentist appointment and so on.
@@KyojuroRengoku98 My experience has been good and I have been using the N H S for more years than you I believe .
This video is helping me decide whether i should go to the uk for a fy1 or not my first motivation being how much money i will make and the quality of life im a bit hesitant other countries seem much more generous with doctors thank you abhinav for this great video you have been of great help for me
Look at the pay circular for 2023-24 before finalising: www.bma.org.uk/pay-and-contracts/pay/junior-doctors-pay-scales/pay-scales-for-junior-doctors-in-england
Also, junior doctors are striking for a pay rise. So may get more hikes later. In 2 years you'll be at CT1 level too so keep that in mind as well
@@drAbhinavKr i will right away Dr Abhinav. Thank you for your great generosity.
Hi really nice thanks.
One question do you get the same salary every month or does it change depending upon the number of extra hours that you do ?
Also did u do any Locum duties in this month ?
Thanks!
Thankyou so much doctor Basava. Glad I was able to help
I do understand paying fees and other expenses, I have to pay an annual health surcharge and can't get an appointment, my last one I arrived 18 mins later and was told I was already DNA. We are all professionals with fees and personal expenses.
It's ridiculous how much tax is taken. I think tou deserve all the money and more you doctors are doing such an amazing job❤
The Government penalises you if you earn over 100K. It's a way of keeping wages low in the UK and inflation lower. If you earn between 100-125k, your NI and Income tax is 60% 🤔
Lenny be realistic some Doctors and Nurses do a good job but others do not .
By the way Lenny it is ridiculous what people expect the government to do . Where does the money come from to pay Doctors, Nurses , Physiotherapist etc etc ?
@@TOM-TOM-TOM I am a retired person and I too pay a substantial sum in Income Tax to pay for our public services .
Dr Kumar, I can see you are very talented and a great doctor, someone like you deserve more elsewhere, look at how Aussie and Canada treats doctors there, you will regret one day, research a bit more about why even consultants are striking!
Fresh engineers make 3 times that in IT in US . Thank you for your service
What’s the US engineer got to do with a Doctor in the UK stay on topic or keep out of it .🤔
Can you make a video of current economical situation in UK and problems that a junior doctor faces financially if he/she moves to UK at present
Your viddo has really opened my eyes to how little junior doctors are paid. I am shocked. You all deserve so much more. I can understand why doctors are striking!
Why do they deserve more? Serious question.
Like most profession’s, junior’s start on a much reduced salary compared to the amount they will earn once they become experienced. How much do you think a junior first officer earns at a typical UK airline flying 200 people around the sky’s? It’s not unusual for a Joni or pilot to start out on around £25,000 per year, in most cases with £100,000 of training debt still to pay off. However, once established they can expect to earn upwards of £100,000 per year later on in their career. Just the same as junior doctors who know their salary will greatly improve with time and experience.
I am a professional Engineer and worked in several engineering firms in the UK for 12 years. I left UK because of low pay scale and hefty Tax and NI deductions. I ended up working in KSA where salary is great and no deduction at all.
What's KSA? Saudi Arabia?
@@drAbhinavKr Yes
@@ashkhan7887are you software engineer ??
@@sairajshetye7945 Civil Engineer
Hey Abhinav! Amazing and informative video. Can you make one video for doctors who want to move there after md/ms? With the current condition of the NHS is it wise to move there?
They are replacing Doctors with Practitioners. There is no future for medicine in the UK.
The NHS is the worst healthcare in Western Europe, other European countries are so ahead.
Anyone praising the NHS is clearly delusional, it's such an efficiency jump when you go to countries such as Germany or Belgium and use their healthcare.
Very long waiting times, staff who qualified in third world countries and are now working for the NHS (something that never happens in Europe) how many misdiagnosed and died, how many sent home and died, 7.7 million people on the NHS waiting list, not enough beds, not enough parking spaces around hospital, hospitals are old and outdated, GP doesn't care, people pulling their own teeth out because they can't get a dentist appointment and so on.
Unbelievable 😅 I was complaining for getting that much by sitting in the office drinking coffee and sharing cookies 😅 but that's so low considering current prices.
We definitely need more french come in and protest for the rest😅
MashaAllah BRAVO ❤
In fact, paying NI is compulsory for all employees.
Great Video but slight mistake on NHS services - they are free to all UK citizens regardless of National Insurance payments. Nobody at any GP Surgery or Hospital will ask about your National Insurance payments.
Well done
You are equally a good finance guy as well.
Thankyou sir!
Thanks for sharing , interest to know, How much did you pay for your degree course in total ? And how many years do you need to work to earn that back ?
Since the creation of RUclips 20 years ago, we had to wait for the arrival of this Doctor Kumar to finally have the real figures,
congratulations to this Doctor and shame to the others in all the UK, who are visibly secretive, horse-dealers, even malicious?
Thanks 🙏
Cheers!
Dr. Can you please tell me about the work that you have to do in the hospital? Is teaching occurring or only treating patients? . I am 3rd year Mbbs student from AIIMS
I think the taxation explanation was a little wonky. I think the PAYE is calculated based on your expected income until the end of the tax year. So if you had no job before [from where earning and tax will be brought forward from via your P45], if you joined the employer a couple of months before the end of the tax year, sure, you would pay no tax. But if you joined earlier in the tax year such that your total expected income would exceed your £12k personal allowance, the tax would be paid from month 1 [unless in the unlikely circumstance where you had previously had a MUCH higher paying job such that you had already paid tax on your [now] expected earnings for the year.] Typically they use the 'emergency' tax code so 'some' tax is taken. When they get an accurate code, an adjustment is made. This means any 'expected' tax based on 'expected' earnings, will be taken evenly each month of the year.
If you didn't pay tax the first couple of months, you may have joined the employer from having had no previous job in the tax year, during the last 2 or 3 months of the tax year.
Someone please correct this if inaccurate.
i will complete my medicine from eu and decided to work in uk but after your video
i have changed my mind i will work in eu such as swizerland or luxumburg
My family left the UK the tax was far too much and living conditions became unbearable
I can understand why so many doctors left the UK and sought higher salaries abroad with better working conditions. It's for this same reason why I was part of that massive exodus of further and higher education teachers that left the UK from the early 2000s to countries which respected the knowledge and skills we had to contribute. It was interesting to see how a shortage left many universities with little choice but to either close or merge a lot of departments.
i just graduated med school will start my internship this january and im planning on clearing ukmla and going to the uk is that a bad decision? kindly guide me
What did you do@@mohammadaniyal
@@Mastershifu108 still doing my intership
This world is messed up, how comes a HGV driver with no qualifications can earn more than a doctor who spent half of his life studying, this doesn’t make any sense to me!!!!!!!
Why did you come to UK ? Which medical college did you graduate from? You did not mention the cost of living far far away from your family & friends. How much do you pay for indemnity cover ?
I am astounded .l would earn £40000 as a nurse if l was full time in the care sector.Then people wonder why l will not go back to nhs( now ihs)International health service )except l do permanent nights for no extra and have been qualified over 3 decades.ihs wanted to pay 24000 a year. Newly qualified wage (l am mental health trained not ill!
Hello sir, I'm very grateful for this information. Can you please throw some light on what is the reality of strikes for payment rise amongst doctors in UK?
Financially, from the perspective of supporting ones family in India, doing residency in India is beneficial or abroad?
I am writing to inquire about the eligibility criteria for the PLAB exam, as I am currently studying at Astana Medical University in Kazakhstan but wish to transfer to Royal Metropolitan University in Kyrgyzstan due to financial constraints. I would like to highlight that both of these universities are registered in the World Directory of Medical Schools.
My primary concern is whether I will still be eligible to sit for the PLAB exam after transferring to a different university. I am also interested in knowing if there might be any potential challenges or complications associated with such a transfer.
I kindly request your guidance and advice on this matter. Thank you for your attention, and I look forward to your response.
Dr. Hasnein. This is a very technical question. It's best you ask this on Facebook group and you might come across other doctors who have had this experience. Also, if you send this exact message to GMC, you'll get an excellent reply. Best to hear from the horse's mouth itself. Isn't it.
Thankyou for asking this question. I'm afraid the best I can do here is signpost you in the right direction
join a agency whereby bidding takes place normally at weekends some doctors earn £2000 per shift
Every single doctor in the UK has started talking about money and complaining every single day. I wish that in the future we an have an American style medical system so that only top notch doctors stay prominent and get rewarded. Rest of them can concentrate more on their performance and effectiveness before talking of rewards and money.
You want to pay US services? Feel free just go private.
one of my friend is a truck driver he earns £65000 gross...
🤔🤔 how come is that🙆♂️
i booked a private ultrascan in glasgow and the doctor was full time { not really } with the nhs .i could not wait for the nhs .wonder why
An informative video. Please also do a video of the non-salary benefits that UK NHS doctors/ healthcare workers receive. This will help give a fuller picture for comparison with healthcare work in other countries such as USA and Australia.
If you work in Gulf countries, you can get 4 times of this salary, paying 0 tax.
@@guruzinbox sure, and with at least 4 x the cost of living. It's USD 20 for a Starbucks coffee in Dubai
What non-salary benefits? The great weather and the racism, don’t forget the racism.
His salary is what a nurse working for an agency earns in a two weeks and working only for 3 days a week or even less 😮
The NHS is the worst healthcare in Western Europe, other European countries are so ahead.
Anyone praising the NHS is clearly delusional, it's such an efficiency jump when you go to countries such as Germany or Belgium and use their healthcare.
Very long waiting times, staff who qualified in third world countries and are now working for the NHS (something that never happens in Europe) how many misdiagnosed and died, how many sent home and died, 7.7 million people on the NHS waiting list, not enough beds, not enough parking spaces around hospital, hospitals are old and outdated, GP doesn't care, people pulling their own teeth out because they can't get a dentist appointment and so on.
The salary is awesome with added advantage of living in world class country
Regardless of earnings all doctors should realise that if not satisfied they are not forced to remain but can seek better rewards elsewhere.
It's easier said than done...
Plenty have.
Your Gross (Pre-Tax) annual income equates to around £45,516 accounting for all the additional hours and concession rates. I'm a 9-5 manufacturing engineer soon, to be a manufacturing manager at the age of 30 with a gross income of £60,000. I have always thought this is unfair as your job is far more noble. As an engineer I see a doctor as the engineer of the human body.
Nice parallel. Thanks for this input. The salary has jumped up now that I'm a bit senior and doctor strikes have caused pay to increase by 6%. I'll now earn 59k before taxes in 2024
Some specialist doctors in our country makes this amount in 3 months or less
Could you please explain salary sacrifice for buying a car 🚗?
The NHS Pension is Unfunded and Uncontractual.
My Experience is that during my 10 years in the NHS they:
1) Increased the NHS pension retirement age from 60 to 68. Stealing 8 years of old age.
2) Lowered what they pay out, due to RPI link removal and linking to whatever they deem to uplift your salary by each year (CARE Scheme). Even if inflation is 10%, they might uplift by only 5%, therefore decreasing your pension and salary. Not good.
3) Increased the contribution percentage dramatically.
Plus given there is no investment 'Pot', only an uncontractual and unfunded scheme, then its simply additional taxation, with a thin promise to pay based on rules they can and have changed as they wish.
Good luck planning your retirement if you work in the NHS.
As a comparison, a single stock I own pays me more right now per month (pro rata) than 10 years of NHS pension contributions will pay me when I retire.
Do your own research, please.
wow thats crazy. doctors in USA make arnd 100k or more. they have crazy amount of debt too but are able to pay it off eventually with consistent earnings.
Thanks for the vid and your efforts in looking after people. I will only say if an MP say Nadine Dorries gets £82k plus expenses maybe that puts in perspective what some utterly useless people can get not including her Tv, Daily Mail trash and writing books gig.
So while you can rock up and do a job as well as Nads how many could cover your shift.
Junior Docs are not paid enough.
Dr. Abhinav, is plab necessary to become a fy1 doctor??
He's lucky to pay only around £500-600 per month. Average rent is more like £1,300 per month, more than double. Then his training in India was much cheaper, and yet he can practise in UK.
Very true and who's to say his training is truly to the same standards
@@baz7918 the GMC?
@@baz7918that is the point of a standard entry exam.
You’re handsome and informative 😊
I think nhs should pay good pensions to doctors for their service to people. It is most noble profession in the world and monetary value is impossible to be judged for lives they save. It is priceless.
My Brother Dr Maniah who was Super Specialist (Endocrinologist) working as Sr. Consultant in Leeds, also his wife was NHS Nurse, left for india (Goa) and started his own Super -Speciality Clinic in Goa, we all were against his decision, but he give reason that he didn’t get any family there and high tax
tears from man eye is death. well you are lucky to have that job
What’s the point of pension when you think you’re saving yourself from tax initially but end up getting taxed when claiming your pension at your old age anyway.
The point of joining a pension scheme is that the employer also contributes if you are willing to contribute. They may contribute same or even more than your own contribution. At retirement 25% can be taken tax free if it's a defined contribution plan and the remaining also tax free over a period if you are clever about it. And what about the growth of the corpus over the contribution period. It's definitely worthwhile joining a defined contribution pension scheme. A defined benefit pension scheme is worth it only if you start young and work long, else it's defined contribution all the way.
Too less, but expected more for Doctors in UK
One question: For example if u leave the uk after sometime and go to another country, can u take that NHS pension that u did deposit during your working years? Eg if u worked for 5 years in NHS and now u r moving to another country…. Can u take that pension with u ?
Yes, the hns also puts in 12%😂
@@mukeshjobanputra6721 puts in or takes 12% of that amount ?
@@gadgetworld3312 also puts in the pension pot.
what about Dr MD (internal medicine) DM (Neurology). Salary in UK ??
34k is really bad considering the cost of living in UK… Better be a consultant and work out of UK after getting the NHS experience
That's the reason a large number of UK graduate doctors leave for other countries and UK needs foreign graduates to fill these vacancies
@@drAbhinavKrbut sir that 34 k is only for interns. And that too 40 hours a week.
Here in my country we as interns work for 60-70 hours for 7 days. No holiday for 365 dys 😢 and
We make 100 USD.
If I was in uk working like this I would make 100k pounds. 😢
Don't know why people are always comparing salaries with ronaldo and tom cruise packages.
I wonder if there's like a hierarchy in the NHS hospitals, foreign graduates from third world countries like India, Pakistan, Nigeria,Egypt,etc vs graduates from Australia,US, Germany, Canada ,etc vs British graduates?
Not that I've experienced. Most of my consultants are Non British natives
Iam a fully trained technician with 25 yrs experience 4yrs training and continued training every year and you are on another more money than me and no doubt your pension contributions and final pay is massive plus your private practices
I feel it should be equal pay everwhere
Hello Dr Abhinav. If I am pretty sure that I will not continue to stay in the UK after my training completes, then can I opt out of the 9.8% NHS pension?
You can opt out of pension even if you chose to stay in UK. You just have to focus on making sure you'll have money for the older age when you can't work as much
@@drAbhinavKrwhat are the returns of pension fund every year
@@karthiksreddy999 Excellent question. NHS pension is defined benefit. Not defined contribution (which is then invested into a pension fund). So NHS pension is guaranteed to give you a defined benefit when you leave the job. Which is... for every pensionable year you worked in the NHS, they'll give you 1/54 of your final salary for the rest of your life. So if you retire after 10 years from NHS and your last salary was 60K GBP, you'll get (10/54)*60K GBP pension every year.
Never, never, never opt out of an employer's pension scheme. In addition you your contribution your employer also pays money into your pension. This employer contribution is FREE money for you that will grow and compound over your career. You may save 9.8% in the short term but you will loose £10,,000s to £100,000s when you retire....
A defined pension scheme based on last salary drawn is a gold plated scheme. You will never get a better pension plan.
Plummer here, thier service per hour here in UK are expensive than the Doctors salary …imagine one hour..of plumber service 100 plus pounds the charges..its depend to the plumber if they ask you less than 100 pound…but mostly 100 plus pound…
Well I have mixed opinions when it comes to doctors salaries cos many doctors are very bad at their job and therefore well overpaid. We tend to refer to nurses and doctors like their are all saviours and some kind of angels here to take care of us but many are doing it for the status and salary only and don’t give a fu* about patients
That was proved during the Con-flu .
My daughter works for the NHS and just recently my son qualified as a doctor. The thing is my daughter doesn't just pay NI, tax and pension. She also pays for her registration and insurance. And yes you would be paid more for extra and anti social hours but thats not your real wage you had to work extra for it. I get paid way more than both of them and i a m not even graduate. I think its totally disgusting.
Are you earning better than your Indian counterparts after adjusting to cost of living?
I'm really considering UK but only if I'll be earning more than what I'll be earning in India
I would believe so. At least at my rank. Imagine saving 1.5 lakh inr every month... After all expenses. And just 44 hrs of work a week.
And that too this 1.5 lakh is being saved at a junior resident level with just mbbs degree.
If you do locum, you'll earn upto 1 lakh more in a month working 2-3 days extra
Salute
Strange how employer pension contributions is not mentioned here. The government pays 20.6% into a NHS pension. This is a huge perk. For his basic salary of £34k, this is an additional £6.8k he chose to exclude.
I'm not thorough with pension. But from my understanding, given that this is a defined benefit pension, the employer contribution wouldn't make a difference to the final pension I get, which depends solely on (the number of years I contributed to the pension) and (my highest salary earned by retirement).
When evaluating remuneration across professions and / or public vs private, these figures have to be taken into account. The entire 'package' has to be evaluated else it does not correctly reflect a true worth. How else can you compare an NHS remuneration against, say, a hospital in another country where no DB scheme is provided?@@drAbhinavKr