The boomers ate all the avocados
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A quick Google says that doctors reach consultant grade on average at age 32, so well before they retire. Just saying.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
At which point they also start repaying student loans on top of the mortgage and young family.
A simple rebalance is all that is required. More wages, less pension. They can top up the pension later.
The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
that’s probably unsustainable for the pension fund in the short term…
left the forum March 20230 -
my 7nderstanding is that you can opt out of the pension scheme and get your contributions paid and taxed…
left the forum March 20230 -
That doesn't help in the short term if they're not financially better off.
Junior doctors going to Oz doesn't help the pension fund either. We could always import from the 3rd world tho...
The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
They would start repaying loans before then. Starting salary for a consultant is nearly £94k. Not too shabby for a 32 yo, especially in less expensive parts of the country. And that's before locum and private work.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
Not convinced by that. Maybe it is the average age people make consultant (seems unlikely as they don’t qualify until mid 20s do they?) but only a small number of doctors actually become consultants at all.
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Sure, I don’t think they necessarily understand the value of their pensions (although any discussion along the lines of PB’s suggestion regarding trading pension for salary seems to get shut down quite quickly).
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It's a 5 year course so assuming no gap years they are qualified by age 23. As mentioned it was a quick google but it stacked up as I have a few medic mates and they all made consultant early to mid thirties IIRC. Apparently you 'only' need a minimum of 6 years PQE.
True, quite a few don't get there but there are other options that pay similar amounts such as GP which seem to be less stressful as quite often you don't actually need to meet your patients.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
Maybe I've missed something but which GPs don't meet patients?
This diagram suggests 18 years to make consultant if that's the route taken.
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
The quick google I did said 37. Personal experience of working in Mental health for 30 plus years I never came across a consultant who hadn’t got there till 40mph and you say further up the page some never get to consultant. I remember a medic doing the psychiatric part of their gp training who had been a senior registrar in surgery. He had changed to a gp trainee when the number of new consultant surgeon posts was halved and he felt he not get one.
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There was a lot of noise in the news over a period about GP's being hard to see for a face to face appointment - seemed to start in Covid which was maybe understandable but carried on after that. But that's not the central point here, just a little dig at GPs.
Anyway, not sure a few years here or there on when someone makes consultant will shift the dial that much, as once they're there, it a job for life (or until the DB pension kicks in).
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
I'm prepared to be proved wrong here on the google front and maybe my anecdotal evidence is out of date now. But in any event, 37 still probably gives them the thick end of a quarter of a century as a consultant.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
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I guess in Detroit you get good rents, but then you have to invest 20% of your salary on a health plan and decide whether to invest on cancer or heart attack care…
left the forum March 20230 -
Better than dying in a queue in A and E.
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that could still happen… different funding model is not a guarantee of a better service
left the forum March 20230 -
It's because there aren't enough of them. The number has gone down despite increasing the numbers by 6000 being a manifesto commitment. Clearly working for 15 years at a reduced salary after running up min. £45k of debt on tuition fees on the promise of better earnings for the second half of the career is not as attractive as it needs to be to fill those vacancies.
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
thing with hospital appointments and GPs is a bit of a postcode lottery… as much as I hate the Midlands, round here getting an appointment for something urgent is relatively quick, days rather than weeks or months
left the forum March 20230 -
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taxes are a problem of the rich… anyone on an average salry in the UK pays almost no tax… 20% over 20k taxable are 4 thousand pounds per year… doesn’t seem like a lot of money lost to tax to me.
Conversely 50k taxable at 40% are quite a chunk.
I wish governments stopped selling tax breaks as something that will help Joe average… they won’t.
If you earn 32k and someone cut your tax by 2p in the pound, which would be a very big cut, you will be 400 quid per year better off… life changing, isn’t it?
left the forum March 20230 -
What level of annual income makes you 'rich' in your view?
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
depends where you live, but if the 40% kicks in at 50k, then once you have a chunk to lose in tax, then you are rich… 100k is probably the point where you have more to lose than to gain by living in a high tax european style economy. A good health insurance, in the absence of the NHS, would probably set you back around 10k per year… if you pay 30k in tax, you might think you would be better off in the US, if you only pay 10k in tax, you would be better off keep paying your tax and more, in order to maintain services
left the forum March 20230 -
You might want to have a word with @rick_chasey about this...
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
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Any item is only worth what people are prepared to pay. Blame the muppets paying those prices.
The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
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Yes, and it will continue to get less and less affordable as long as people pay the asking prices.
The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
