How much do NHS consultants earn?

How much do NHS consultants earn?

Consultants on the 2003 contract

Threshold	Value £
1 (starting salary)	84,559
2 (after 1 year completed as consultant)	87,207
3 (after 2 years completed)	89,855
4 (after 3 years completed)	92,503

How much do UK doctors earn after tax?

Grade	Annual Salary (Basic Pay)	Take-Home Pay After Tax
Specialist Training (ST1)	£37,935	£2,453
Specialist Training (ST8)	£48,075	£3,028
Specialty Doctors (end of the scale)	£74,661	£4,329
Consultant (middle of the scale)	£90,000	£5,070

Are NHS consultants well paid?

THE UK’s highest-paid hospital consultant raked in £511,000 in NHS cash last year. Another earned £504,000, and a third £449,000. The NHS Digital data shows all three were men. The top-paid female consultant got £355,000, and the two next best £291,000 and £288,000.

How much is a consultant paid in UK?

Base salary At Analyst or Junior Consultant level, the average basic salary ranges between £40,000 and £50,000 per year. At Associate or Consultant level, this amount rises to between £52,000 and £59,000 per year.

Who earns more GP or consultant?

Due to their training, consultants often make more than GPs. Starting pay for consultants in their first year is around $100,000. Each year, consultants receive a pay raise.

Do NHS consultants work weekends?

Consultants can currently opt out of non-emergency work at weekends and in the evenings, which means that some only work weekends in emergencies or if they choose to, rather than it being the norm, as for other staff.

Are UK doctors rich?

Doctors have traditionally been labelled as rich for some reason and although we’re definitely not rich compared to professionals with the equivalent amount of education and training, we’re certainly not in poverty either.

Do NHS doctors pay tax?

As an NHS employee, you will pay Income Tax and National Insurance on your wages through the PAYE system. Overseas doctors will have tax and national insurance automatically deducted from their monthly salary.

What band is a consultant NHS?

Examples of roles at band 8d include consultant psychologist (8c-8d), estates manager, chief nurse and chief finance manager.

How many hours a week do NHS consultants work?

This includes direct clinical care, teaching, training audits, clinical governance, and more. Therefore, a typical Consultant’s job plan will include 10 PA’s which is equivalent to 40 hours per week.

Who is the highest paid NHS worker?

Matt Hancock earned £149,400 in 2020/21 as health secretary. Excluding those whose pay included redundancy payments, one of the two highest paid executives was Michael van der Watt, chief medical officer at West Hertfordshire Hospitals NHS Trust.

What is the most paid job in the UK 2020?

Top 10 Highest Paying Jobs in UK

• Aircraft Controllers. …
• Chief Executive and Senior Officials. …
• Aircraft Pilots and Flight Engineers. …
• Marketing and Sales Directors. …
• Legal Professionals. …
• Information Technology and Telecommunication Directors. …
• Brokers. …
• Financial Managers and Directors.

Do consultants get paid well?

Consultancy jobs are known to be among the highest paying in the world. With the right strategies, you can secure a highly paid consultancy job for yourself.

Do consultants make a lot of money UK?

The average UK consultant salary is ~£85,000. The UK Consultant salary at MBB firms ranges from £90,000-£93,000. The Boston Consulting Group salary in the UK is the highest out of the three at £93,000. McKinsey and Bain both pay £90,000.

Is consulting a good career UK?

To a certain extent this is true – the sector continues to be ranked as one the best places to enter as a UK graduate, while some of the world’s most well-known consulting firms are regarded as some of the most prestigious workplaces of the globe.

Are consultants above doctors?

Consultants are the most senior grade of hospital doctors and are responsible for leading a team. Every patient who is admitted to hospital will have a named consultant.

What age do doctors become consultants?

I know it takes until you are about 32-33 to actually become a consultant in the first place. If you did Biomedical Science before hand, then you’d be around 37 ish when you become a consultant.

How long does it take to become a consultant UK?

To become a GP or a consultant doctor in the UK you need to: Complete and pass a medicine degree at university. Five years is a typical length for a medicine degree, though this varies.