Junior Doctor's First Pay Cheque (And How I Spent It)
HTML-код
- Опубликовано: 5 июл 2024
- It's pay day! In this video I take you through my first ever pay cheque as a doctor and perhaps more importantly, how I'm spending it.
TIMESTAMPS
00:00 Introduction
01:15 My payslip
10:10 How I've spent it
Want to find out more about the medical school process?
Head over to www.ollieburton.com!
If you like my content and want to help me make more, you can buy me a coffee at ko-fi.com/ollieburton
10% off Complete Anatomy 2020: 3d4medical.tapptrk.com/DMNGMW...
Social Links:
Facebook ► / ollieburton
Twitter ► @ollieburtonmed
Instagram ► / ollieburtonmed
VIDEOS:
Getting SHOCKED in the labs! (for SCIENCE) ► • Getting Shocked in the...
My First Week At Med School! • Year 1, Week 1 Graduat...
UKCAT / INTERVIEWS:
5 Top QR Tips: • UKCAT Quantitative Rea...
4 Great VR Tips: • UKCAT Verbal Reasoning...
Abstract Reasoning For Beginners: • UKCAT/UCAT Abstract Re...
![Sean Rii, Karyon, Sharzkii - Taungule [My Love] (Official Music Video)](http://i.ytimg.com/vi/eJoMuypbSzQ/mqdefault.jpg)
The fact that you thought of your parents is something truly special!
It’s the bare minimum lol
When you get your P60 don't forget you can claim tax back (20%) from your professional memberships, transport to work locations other than your main base and clothing.
Your a man with integrity - wish you all the best practicing medicine.
Very positive ,wise young man. Continue to make an impact in this world.
Dr. Oliver, you are so amazing man, the story about presents for your parents...you are so so amazing. Good luck.
Extremely smart and thoughtful way of spending your first salary
I’m subbing just because you’re so thoughtful. Bless you!
You're a good guy, Ollie! Thanks for your excellent content.
You're so welcome Lou!
Liked the way you budgeted things out!
Thank you for sharing with us your junior dr experience.
I will be so proud if I was your parent, thoughtful the fact that you appreciated all the years your parents had been next to you through hardship and difficult times from GCSE, A LEVELS and UCAT. It’s hard, I know… I’m a father to a daughter just passed her UCAT Test. Well done to you 👏👏👏
GCSEasy and dumbed down A LEVELS
What a lovely person you are. I’m about to move to North Yorkshire after living down `south for all my life, I hope everyone is as friendly as you are. Thank you for the video it was very interesting, and as I’m writing this in early 2022, I hope you did well in your exam.
Thanks for this Ollie. God bless you
Olliieee want to say a huge thank you- your videos were the main resource I used preparing for my interviews and starting grad med at Southampton in a few weeks!!
+I got 3 offers so thank you so much
That’s amazing well done!
@@gc6191 Congratulations to you! As final year Nursing student contemplating grad med, would be good to learn from you too. Any way I could reach out to you via email maybe for advice and/or recommendations? Thanks in advance
I appreciate your openness
When I heard MRCS, I subscribed!
All the best on the journey to becoming a MR🔪
I cried listening to you, so so wholesome!
I am so sorry to hear doctors are paid so little :( your calibre and efforts are so worth so much more than this and not respected enough. It is a poverty very well hidden
Poverty my arse.look at his house
@@melgrant7404 so you think this is a reasonable amount to pay a doctor
@@melgrant7404 he’s a RUclipsr and we don’t know anything about his family background etc.
@@je6874 you can more or less guarantee he has more money than an average worker.
@@muzammil1892 I didn't say that. Stop putting words in my mouth.
What a wonderful selfless young man. This Young Doctor is a credit to himself and his parents. This Doctor thinks of others before himself. I wish hiim all the best for his future. What a Credit to the NHS of the UK.
Mark K
Ireland
What a lovely young man hope you have a great career
Thanks for the transparency
You will go far young man 👨
Fabulous Ollie, you definitely deserve that payday. As a nurse qualified for 13 years at top of band 5 my hourly rate is about £15.65. 2 more weeks then I'll be a medical student and earning zero, it will be quite the adjustment!
It's a big step down Della to being a student again, but your experience will bring so much to your medical schooling and the patients will benefit from it in the long term! Behind you every step of the way!
Well done hun! Just interested, is there any reason why you didn’t choose to progress to Band 6/7/8? Or perhaps do some further education and become an ANP, NP, non medical prescriber etc, other routes. It’s surely more lucrative than being a Band 5 Staff Nurse but wouldn’t require as intense extensive training I believe as medicine would. 5 years additional training seems like a lot when you already have a nursing degree. Just honestly interested hun x
Inspiring video, thank you
Hi Ollie great video, I can't wait to be in your position!! However, regarding your payslip, I would recommend you call HMRC and inform them that your pay will exceed the threshold allowance for the year. This is to avoid a letter in the future saying you owe HMRC 'x' amount of money for underpayment of tax. I am not an accountant but it has happened to a few people close to me. It may not matter because we are in September so you may not exceed the threshold before April 2022 but better to be safe than sorry haha. Thanks for the video
No need to worry about this. The tax code is cumulative (CUMUL). When it is predicted that your trajectory will take you above the tax free allowance they will deduct tax accordingly.
The Liverpool Medic, just out of curiosity I visited your channel and can relate to some of the things you said, having a Psych background myself, in final year of Nursing and wanting to study medicine. Any way I could contact you for some more advice and guidance? 🙏🏾
Hello ! Please subscribe to Jim Nduruchi
I have questions
You are such a wise and responsible young man. Certainly honouring your parents will get you very far in life. Welldone. This is just your first pay. I believe doctors in the UK can make much more money from locum once you go past your fy1. The working basic hours are very good compared to the USA where it may appear as if doctors are making more whereas the working hours are very bad. Also your student loan is not bad. You have started on a very good note
This is really helpful thank you especially as people are usually offended if you ask them directly!
You're welcome Penelope, seems bizarre to me given that NHS wages are public knowledge and freely available anyway!
Congratulations. We need doctors with your attitude. Doctors who love their Job.
Interesting how NHS England do it. In Northern Ireland, we pay income tax for the full 12 months, rationalised of course. Nice video!
29K a year in the UK is no money in this day and age. I thought Junior Doctors started off at 40k a year minimum. Imagine doing all that schooling and excelling on all those exams to earn less than an entry level academic job in the arts. That's just wrong.
It's a sore point for sure, the wages basically haven't kept up with inflation for the last 10 years
@@OllieBurtonMed Even more reason for you guys to come together and unionise!!! In any case, best wishes to you in the new job; I hope you are still enjoying the work.
I’m an RN and I agree, it is abit shite (the whole medical field in general is) as the NHS is govt/tax funded. But as with nursing, there is progression in medicine. He’s an FY1, so he’ll earn more as an FY2 (32k base), then more when he specialises (38-50k) and depending on experience/what area he goes into, there’s a lot of potential to earn even more. & when he’s a surgeon, he’ll comfortably be making more than most people ever see in their working life. He’s chosen a good, stable career (as this pandemic has shown) & it can be lucrative (key word: CAN). I’d hardly compare it to a career in the arts, that’s a very… different field 🥴💕.
@@leahmcdermott4189 You are so right... The Arts aren't very lucrative in the long run. I was just surprised by the low starting salary.
@@CrazyJamaicanCook Yeah, understandable. I think all salaries in the medical field are too low, especially medicine & nursing where you’re required to obtain a degree and the level of responsibility is high 💕
Thanks Ollie really useful, how much council tax do you pay?
Don't mind me, just contributing to the algorithm.
Im actually shocked at how little DR’s get paid. Anyone working for the NHS should not be paying tax 😩
Lol
No one should be able to skip out on paying taxes.
For how abysmal most of them are they shouldn't even get half as much.
@@greg-iw7mf I disagree. If the career is already funded by the government (other people’s taxes) then there doesn’t seem to be a reason they should be paying tax.
@@aliasif5393 shouldn’t be paying tax
It's worth mentioning the value of the NHS contribution to your pension on top of your contribution. I believe its 14.9%, but it might have changed. The payslip doesnt show your employers contribution into your pension pot, but it is substantial compared to the vast majority of employers.
I think the pay is less than what you'd expect because you're still technically 'training' as a resident after med school. In the US/Canada it's called residency pay, which is not a lot of money tbh...
Yeah but at least they make 60-80k. In the uk they get payed rubbish not much
@@nightcore9973 Good employers pension contribution though.
Great video mate! Would be cool to see a comparison to RUclips? Hope your parents enjoyed their gifts :)
:)) love how you spent your money
You BALLIN' HARD!
Hey Ollie - the NI number in the top corner is still visible. Perhaps you've put a fake one in place of your actual number, but if not, just be careful!😅
Yep is absolutely fake! 😊
Liked the video at 9:10. Nice.
🙌 preach sis
You are such a good son...❣
Good old DR Ollie....
Can you also do one for PA as well, also congratulations!, you’ve come far
Unable to unfortunately, not being a PA myself I can't really share a payslip. PAs start on £38,000 a year or thereabouts I believe.
have you got post-call off?
Did you have to exception report to get paid for the additional hours
You do yes - and will only get paid if your supervisor signs off on it. You may be offered time off in lieu instead
SO that means any F1 for the first 4 months there is no Tax deductions??????
What is that monitor machine on the left?
Not a machine at all but a stock footage loop running on an old tablet!
Lucky man))) here in russia experienced doctor usually earns appr +-1000 pounds per month with 160-220 w/hours. And it's qiute good salary) in smaller towns it could be 200-300 pounds/month
Interesting, How much does a junior doctor earn in his first year of work?
Maybe the cost of living is different in Russia? UK is so expensive 😫
Your take home monthly pay is equivalent to about 45k annual salary. Do you not pay tax/NI on your additional hours, weekend/night hours?
The answer is basically that I hadn't started paying income tax at this point - this year I grossed 35.7K and took home 27.2K
@@OllieBurtonMed thanks for explaining 🙂
CA we have an apartment tour
In the works!
living off £200 a month is pretty tough, i admire it but be prepared to be flexible for sure
His rent is £800 and he will be saving roughly £200 a month, so once he starts paying tax he’ll have roughly half his wage to live off
@@andrew080293 Tax is 20%.. I don’t know where you got “half his wage to live off” 😭💀. He’ll be fine
@@andrew080293 he looks well off to me
Congratulations. At Portugal you would receive about 1300 euros. And my son did not offered nothing to us and I just sent him your video to show him how he should behave 🤣
Is the 800 in rent including council tax?
At the moment yes!
Should live in more modest accommodation then
Can’t believe his hourly rate is so low. They need the extras to top this up. Glad to see they are paid overtime for extra hours. They deserve it. Police also get overtime. Teachers are contracted and paid for 32 hours but work at least 45. They should be paid overtime too!
wow my net pay as a HCA was £1.6k drs really aren’t compensated the best
Medical wages in the UK (especially for juniors) are low compared to most similar countries. In Australia for example, a new junior will earn almost three times the adjusted wage of a UK junior for fewer working hours. The UK medical system undervalues all of its staff, and doctors are not exempt from that
@@OllieBurtonMed why is that though? Does Australia not have a state-funded health service as well? And isn't the UK a much larger economy?
@@Stinkmeaner420 It does, but there's a variety of causes (at least in my opinion). We have a fairly ineffectual union and doctors are notoriously disagreeable anyway which prevents huge amounts of unified action. The public (I think) views all doctors as well paid and wealthy, when in reality it's only senior doctors that make significant amounts at high tax rates anyway. Lastly, there is little to no benefit for any singular goverment to change medical wages unless faced with a strike, just as no single government benefits from training more doctors because we take too long for the effect to be cared about by the public.
OMG, why are doctors paid so less with the amount of exams, years in study and hours they put in . My daughter is in tech and finance and she regrets dropping Alevel sciences and not going into medicine. She now works from home due to covid and all I see her is working on her laptop and she gets double the pay. My son wants to get in to dentristy and the requirement and exams is so difficult but if he can't he will go into finance like my daughter. This is totally unfair Doctors work so hard and the shifts they have to do. They should be on double pay. My dream was one of children fo into medicine (typical Asian parent) the amount of respect and highly thought of in our culture.
You don’t even need A level science to do medicine in dumbed down Britain.
Shocking considering the responsibilities that come with the job, forget endless trainings, long witking hours, abuse from patients and nonstop complaints from so called next of kins
That's what his pay cheque is for isn't it
Just found you!
Yup, I'm totally confused, your pay and allowances comes to £3045, but your gross pay on the slip is £3973.78 and 12x 3973.78 is equivalent to an annual salary of £47,685.36
That’s pay to date, so how much he’s been paid total for that tax year so far. If you look on the title of that box, it does say that. The box on the right corner shows the pay for that month which is £3045.49 for that month after all of his over time is on there. His base salary without overtime or weekend work would be £2400.67
Cool
Not sure how I feel about this, i get paid more for packing boxes at Amazon
Something really wrong with this country
Just north of Sunderland actually
I've got another video on doctor pay coming quite soon that goes into the details much more. The complex problem is that it's really difficult to discuss medical wages without comparing to other professions, which always reverts to whataboutism and we get nowhere.
What ! Is that all you get for doing such an amazing job. I bet your boss of the hospital who does jacks hit yet gets so much money in bonuses etc.
Clever chap. Would have been a different set of expenditures had you been married with a child (like me) but with that kind of sensibility I'm sure you'd have made it work just the same!
Hi doctor
Was it worth the studying? At least you save the sanctity of lives.
Hello, is there a way of confidentially messaging you as I have noticed a problem with your video and don't think it's appropriate to post in the comments, I tried to message you on linked i'm not in your sphere :'). Cheers!
Sure! If you go to my website there's a contact form and it'll come to my email
So in the UK you only start taxes after 12k ! Here in America they screw you they tax every dollar then you spent it get taxed again then some people pay back even more at the end of the year plus car excise tax it’s insane
Salaries relatively low but the pensions are gold plated
Jesus I'm being paid £3 less than a doctor, how much does it go up by when your fully qualified tho
a locum consultant is paid around £70- £90 an hour . About 10 years down the line from where Ollie is right now though
@@khizr5718 That's right, your NHS salaried consultant would probably be on £40/hr ish. Locums can be absolutely crazy and anywhere up to £200/hr but usually sat around the £100 mark. I want to do neurosurgery in my case (all going well) and if I do that am a very, very long way away - probably 15 years+ from a consultant post.
What do you hope to get paid in the future? That is classed as poverty income in the U.S? Sorry don't mean to be rude but a walmart cashier earns more than that here.
Rent 800
I’m a Dustman (a proud and noble job) and I earn more than you!
A doctor!!
Who has studied for years
Thank you for your work sir! Just one of those things - means we as docs need to stand up for ourselves!
You probably found this out by now but your income tax will be worked out for the whole year and spread out so your pay will not suddenly change once you hit the tax free aloowance treshold..
In a cost of living crisis we all want a 35%pay rise - no no no no no definitely no!!!!
Can I help you with something Jonathan
Respect for all doctors 5% ok but 35? Be realistic
doctor's pay rate... truly shocking. 😢😢
Shockingly high
Don’t give me wrong it’s fab you guys have an amazing start wage but for nhs nurses odp’s radiology etc we earn so much less on a starting wage and can’t afford to move out!
I know, it's really rough. All healthcare wages are underpaid in the UK - hopefully we'll see joint lobbying from the doctors and nurses unions on that front
Band 5 newly qualified nurses, ODP’s and trained progressions in general all start out on 25.6k base salary. That’s literally not much less than Ollie’s FY1 28k base. What you talking about hun? Xx
I'm medical student in Australia , and I can honestly say that whilst money is not the prime motivator, this is unacceptable. I am tired of seeing the good and giving nature of our profession taken advantage of. We save lives, is that not still valuable in our society? It's gross. You are not paid enough for the work you are performing, and I hope to god you fight this in the future.
Get a grip it's not about salary. This job is for higher reasons, if you do this for money PhD'd or not you'll never be a Doctor.
Trainee that is more than accurate, or "a lot to learn and a lot to proof" that's from my time... no one even thought to call him self a Doctor we were all Medics in specialisation training.
Higher reasons don't pay my rent, and I'm taking an exceptional pay cut to move to an academic centre and get the best training I can, thank you very much. I know I have an enormous amount to learn, and have never insinuated otherwise, that's the point of training. But the salaries are not good enough to retain people, which is why so many are leaving - you do not get to decide or hold court on other people's motivations for being in this role.
Hi from the USA!
Why are you being paid from a trust? I thought that Great Britain paid their doctors, am I wrong? One Love 💘 ❤ 😍
Hiya, I'll try and answer this for you! NHS England is split into 'trusts', which provide services to a certain area, so a trust in the NHS is just a section of the wider health service. For example, Croydon Health Services NHS Trust is the organisation which does hospitals and health centres for the Croydon area. All get their money from NHS England and the Department of Health & Social Care, which comes out of National Insurance and general taxation. Hope this helps :)
@@Daniel-dj5pd Very much so, thank you!!! :-)
I have no GCSEs and make more than you crazy world
Ps I made 1100 last week and I worked 2 days
Edit not drug dealing 😄😄 all legal and taxed
I believe you don't worry 😂
This is misleading .in you missed it he says this what the basic pay is for all doctors in England in 2016. There’s another junior showing his pay slip and that video is two years old. Ther basic pay is 38k in that one.
For the record I’m on the side of striking doctors they need to bullshit with old pay bills. I know they average over fifty first year and have boss pensions and so they should. Give them an RPI pay rise immediately. Same for nurses
We most assuredly do not average over fifty in the first year Alan. In the old video you've watched, is the junior doctor the same grade as me when I made this video? To have a basic pay of 38K they were probably a CT1 or 2. Happy to review it and find the answer if you can link me the video.
@@OllieBurtonMed you said 2016 yourself
ruclips.net/video/sv5Rs50j4OU/видео.html
I watched this one a year ago because stadler were playing their cleaners against nurses and their electronic engineers again junior doctors. A race to the bottom so to speak. But the we’re comparing basic pay without including night rates, weekend rates etc…
Mate I want my junior on boss money. Even though I only earn £12 an hour. I’m 100% behind you lot getting a big pay rise whether I do or not!
@@alansmith3733 Just had a look at the video and I think I can see where the confusion has come in. I'm talking about the 2016 contract, which sets the rates of pay for junior doctors nationally. So I graduated and started working in 2021, on the terms of the 2016 junior doctors contract. I am an FY1 grade in this video here.
Kiran (the doctor in the video you linked) is a GP trainee (registrar) at the ST1/CT1 grade. So he was two years ahead of me, in at least his third or fourth year as a doctor. That's why his base pay was 38K.
Hope that clears things up - and thanks for the support. It's part of the term junior doctor being so confusing - it encompasses doctors with over a decade of experience between them.
It's so stupid! You start with so little money when you're young, and make bank money 💰 when you're almost 40. So litrally as a young doctor you make like £600 a month after paying bills and necessary fees. 🤔 no wonder uk junior doctors are moving to Australia and new Zealand.
Quite literally 3X the pay for the same work in Aus. Absolutely unsurprising indeed that people jump ship
Enjoy the low income tax while you can. Im in the 30% bracket, and I cant for the life of me understand what Im getting in return.
Brag brag.why would anyone be interested in what you spent it on. Why is money a topic in your profession . certainly not interesting for some.
It's clearly interesting enough to have brought you to the video Mel, thanks for watching
@@OllieBurtonMed not really i just contributed my view just like most people on you tube.
Money is all they care about.