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BMA (British Medical Association) taking industrial action
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Not to forget the GPs pay their own employers contribution of 14.5% as well - NOT paid by the NHS!
So, assuming the average pay is £100,000, then they would be paying 29% - £29,000 into their pension - thats a significantly larger amount than other professions!
and still, even paying all that chunk, they are on much higher wages relative to people who do similarly skilled jobs.
Only outstanding professionals in most fields earn outstanding salaries but it doesn't matter what sort of doctor you are, you're on a cash cow once you get past the first ten/15 years.0 -
Not to forget the GPs pay their own employers contribution of 14.5% as well - NOT paid by the NHS!
So, assuming the average pay is £100,000, then they would be paying 29% - £29,000 into their pension - thats a significantly larger amount than other professions!
GPs are self employed. How much do you think other self employed people have to pay into their pensions if they want to receive an index linked pension of £60kpa?0 -
chewmylegoff wrote: »Yeah loads of people fancy it which is why medical degrees are extremely competitive.
The reason is that you might get shafted for the first few years but after that you've made it, and can rake in the cash with pretty solid job security. It's no differrent to any other profession in that regard, but the rewards for doctors after the "get shafted" period are better than most. Only the creme de la creme in law and accounting could hope to make more than £100kpa.
I would disagree on the legal front. I have numerous ~30 year old solicitor clients on at least 100k. Many are pushing 200. The creme de la creme, barristers are on 200k+ easily, high end lawyers working for some of the biggest firms in the world clear 300k basic and smash in the same again in bonuses.
The creme de la creme of accountants I presume are partners at Big 4 firms? Well, I have a few of them as clients and they are on !!!!loads.
These people have pressure, these people have a lot of money riding on their decisions but doctors have emotional stress and the pressure of keeping people alive.
I'm not talking about GPs, they earn far too much and the internet is probably better than most of them.The J is a Financial Advisor-This site doesn't check anyone's status and as such any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Always seek professional advice.0 -
chewmylegoff wrote: »Yeah loads of people fancy it which is why medical degrees are extremely competitive.
The reason is that you might get shafted for the first few years but after that you've made it, and can rake in the cash with pretty solid job security. It's no differrent to any other profession in that regard, but the rewards for doctors after the "get shafted" period are better than most. Only the creme de la creme in law and accounting could hope to make more than £100kpa.
You're kidding right. £100k is around the average wage for a lawyer, but don't let facts get in the way of your point. Just out of curiosity, if doctors have it so good, why didn't you become one?0 -
the_flying_pig wrote: »Continuing the rant, as a benchmark of sorts I give you government lawyers.
This bloke, who is the The Treasury Solicitor, the Head of the Government Legal Service, comprising a total of 1900 Government Lawyers and also... the Queen's Proctor... has got to the absolute top of his profession. There are 1900 professional lawyers [all of whom have been to good universities etc] under him & he earns £155k-£160k per year. He could no doubt earn vastly more in the private sector but chooses to work for the state.
There are hundreds of GPs, with perhaps a dozen or so doctors working under them freezing people's verrucas off & whatnot, who earn more than this guy. Something has gone wrong.
Step away from the daily mail, it's for your own good.0 -
heathcote123 wrote: »Blatant unfair treatment on the private sector that pay for it all.
Does anyone have a waaaaaaaamblulance picture?
totally missing the point.
If all new proposals are passed, public sector workers earning over £50k per year will contribute the following into their pensions
doctors 14.5%
civil servants 8.5%
armed forces f@*k all.
Hardly fair0 -
I wouldn't bring the armed forces into it. They can only do their job to the age of 40, they are paid very little considering what they do, they spend large chunks of time away from their families taking orders from cowards in Westminster and their pensions aren't even that good. All while being in mortal danger.The J is a Financial Advisor-This site doesn't check anyone's status and as such any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Always seek professional advice.0
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I would disagree on the legal front. I have numerous ~30 year old solicitor clients on at least 100k. Many are pushing 200. The creme de la creme, barristers are on 200k+ easily, high end lawyers working for some of the biggest firms in the world clear 300k basic and smash in the same again in bonuses.
The creme de la creme of accountants I presume are partners at Big 4 firms? Well, I have a few of them as clients and they are on !!!!loads.
These people have pressure, these people have a lot of money riding on their decisions but doctors have emotional stress and the pressure of keeping people alive.
I'm not talking about GPs, they earn far too much and the internet is probably better than most of them.
For every solicitor in a city law firm making £100k+ there are 10 in rubbish jobs, at the cps, at the local council, working for small high street firms. There are then another 20 law grads woking as paralegals or in some other admining job consistently failing to get a training contract.
Accountants- only a tiny % become partners at large firms, or FDs etc. Salaries are lower than for law, and outside London you earn much less.0 -
totally missing the point.
If all new proposals are passed, public sector workers earning over £50k per year will contribute the following into their pensions
doctors 14.5%
civil servants 8.5%
armed forces f@*k all.
Hardly fair
Whoa. That's going a bit far. What would you prefer 14.5% contributions plus a good salary or no contributions, less pay & fixing people on the front line in Afghanistan?
You think you're under pressure but don't even think of making comparisons with our armed forces.
The TA is short of medics. Fancy signing up?
Before you ask, yes, I do know medics who have done tours in Afghanistan. Count yourself lucky you're not there.0 -
I would disagree on the legal front. I have numerous ~30 year old solicitor clients on at least 100k. Many are pushing 200. The creme de la creme, barristers are on 200k+ easily, high end lawyers working for some of the biggest firms in the world clear 300k basic and smash in the same again in bonuses.
The creme de la creme of accountants I presume are partners at Big 4 firms? Well, I have a few of them as clients and they are on !!!!loads...
30 yr old solicitors on "at least 100k+"? only likely at magic circle [i.e. 5 companies] firms only.
accountants, yeah, at big 4, say about 1 in every 50 or so trainees who starts out is partner material. for that 1 in 50, when they make partner, say in their early mid 30s, they'll be on a quarter mill easy, with more to come, but that's for those who get to the very top of their tree only.
the average GP is on north of £100k that's what's astonishing.FACT.0
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