Watch to see exactly how much doctors earn, but more specifically how much General Practitioners or GPs earn. GP pay is much more variable than hospital doctor pay and the sky really is your limit.
Key points to take away from the video:
Model contracts and advice from the BMA (joining link below - you DON'T HAVE TO PAY anything until Oct 1st this year if you join today via link: bma.org.uk/joinxAMB9502576(
Important to negotiate salary/fee if locum
Important to understand contract, rights and entitlements.
0:47 How much do doctors earn? Salaried GPs
Model contract for doctors earnings: annual salary set out as a minimum by the Doctors Dentists Review Body (DDRB). However, this is seen as an outdated salary. For a full-time salaried GP working 37.5 hours per week in England in 2019-20 it is: £58,808 to £88,744 (plus London weighting - extra money for those working in London due to expensive nature.) NB. there is no upper limit- so employers are able to award a higher salary.
Usually the pay is per session and ranges from £9-10,500 (multiple this figure by the number of sessions to get annual salary) and can and should be negotiated. Part time: pro rata
Recommendations from BMA: employers should pay an additional percentage increase on top of the DDRB annual uplift to avoid age discrimination.
Employers are also required to provide their salaried GPs with an annual incremental pay increase. This could be a percentage increase or a set amount which affects how much doctors or GPs earn. This is determined by the employer and employee (GP).
Doctors may also receive bonus payments for example meeting QOF (Quality and Outcome) targets.
3:11 How much do doctors earn? Locum doctors earn:
Locum GPs can work as sole traders, by joining a locum agencies or group arrangements (e.g. chambers). Locum GPs are usually self-employed and paid a fee.
For example if self employed, an invoice is sent to the practice versus agency work where they help you find work; you submit a time sheet and the agency pay you based on how much the job is advertised for. The practice will pay them (including a commission). Could be self employed or employed through the agency so read the Terms and Conditions (T&Cs).
Many GPs work as a locum OR salaried doctor and locum doctor. Your insurance can cover you for both salaried and locum work which should work out to be cheaper than locuming alone.
You can work for a GP surgery, private practice or out of hours work.
Fees are negotiable between the practice and the locum doctor. How much a doctor earn will depend on the fee, usually per hour for what they will do in return. For example workload e.g. appointments and admin.
A locum doctor earns between (roughly) - £75-100 +/- NHS pension.
5:36 How much do doctors earn? GP partners
Average full time: £100,000 (after expenses) ; range 100,000 (SW England) to 120,000 (E of England). Note that GPs earning more than 150k/year (NHS + non NHS income) will have to declare from Feb 21.
6:12 Factors for how much doctors earn: profits, being a new partner, pension.
8:33 Other things that will affect how much GPs earn or how much doctors earn: the building, how proactive the partners are, if the earnings are sustainable, the local area.
9:22 To ensure you are earning well as a doctor you want to be a part of a partnership that has the following features:
Resources and references: