How to increase your income as a doctor in UK

In this video, I have discussed the possible income streams for a junior doctor working in the UK. You may use these options to enhance your income.
Disclaimer- This video is not financial advice
Physician paid survey- aff.m3globalre...

[@annsusanmathew1993]

Sir, Kudos to your crystal clear explanation and honesty!! I really hope and pray that your channel grows!!

[@naveenmessi2705]

Simple and effective, keep up the good work! I am a doctor myself with other interests in investing and blogging, NHS salary alone doesn’t help enough.

[@whatisthereinname1970]

Sir,what is the age of retirement for obgyn speciality?

[@SumanPaulDoc]

67 years.

[@vinodrajgandher7673]

After how many years NHS doctor will be retired ??

[@SumanPaulDoc]

68yrs. You can choose to retire earlier but that will affect your pensions.

[@withnandy5564]

Can I work in uk after mbbs

[@SumanPaulDoc]

Yes

[@enscebose8466]

Sir why not in the US market ie nasdaq or snp500. With your income you will surely be able to include that in your portfolio if i am not wrong? Many indians are also venturing into us markets through INDmoney apps or icici bank accounts which charge zero to nominal fees. Some are even purchasing US stocks like FAANG

[@SumanPaulDoc]

I used the term "UK market" for ease of understanding.I invest in global stock markets including USA, Europe, asia.i didn't want to complicate matters for the doctors.

[@nishmitha8434]

Hello sir. Sir I have a gap of almost 2 years after my internship. Will that be a problem for GMC registration?

[@SumanPaulDoc]

Gap is not a problem.but you should be able to justify the reason for the gap like preparing for exam, childcare etc.

[@nishmitha8434]

@@SumanPaulDoc thank you sir for clearing my doubt🙏

[@ankitraivaid6229]

Sir , is it difficult to get higher speciality (like ortho , neuro , surgery ) for an indian candidate ? Is there is any partiality between European citizen vs IMG

[@SumanPaulDoc]

No

[@swapandebb]

Sir, how many hours of locum duties r registrars allowed to do above the normal 40 hrs per week?

[@SumanPaulDoc]

20hours per week maximum

[@MrEmadsaeed]

Do doctors earn enough in the uk to support a family of four with a comfortable lifestyle (not luxurious) and can uk doctors afford to go on vacation?? I have read online that uk doctors don't make good money so i am curuious as to what kind of lifestyle a doctor in uk can afford

[@SumanPaulDoc]

It's possible to support a family of 4 but you won't be saving a lot at the end of the month for holidays. Financially it's helpful if both husband and wife are earning members.

[@shankarreddykonala]

Sir !! After studying in U.K can we come back to India and settle here as consultant in nephrology/cardiology / gastroenterology ???

[@SumanPaulDoc]

Yes, you can

[@renishumretiya2765]

Hello sir, while specialist training any hospital provide accommodation like hostel to their trainee and what it cost?!

[@SumanPaulDoc]

No Some hospitals have accommodation on site or near site but it is quite difficult to get a vacancy. Not possible for family. They are not subsidized.

[@bhargavsaid]

You said 6000-8000 per year for locums, did you mean per month?

[@SumanPaulDoc]

Per year

[@samosa007]

U said we can do max 20 hour locum per week . So even if we do 10 hours per week 50 weeks a year Then 500 hours locum . 500h × 50£/ hour = 25k £/ year. 40% flat tax so 15k £ should have been earned through locum per year Is not it? Why its 7k a year?

[@nikdhall2374]

How competitive is radiology in uk?I am a 3rd year mbbs student in india.

[@SumanPaulDoc]

Almost 1 out of 3.6 candidates are selected for radiology training.this is the latest competition ratio in 2020.

[@vinodrajgandher7673]

Sir make video on NHS pension scheme

[@SumanPaulDoc]

Listen to medics money podcast. spotifylink.chtbl.com/cyF2bbCf?__s=ypuibca4iajvf48r1fvo

[@dryaswanthchowdharyraavi4234]

Sir How much hours are allowed per week including basic and locum hours?

[@SumanPaulDoc]

Maximum 20hours locum+ your own contracted hours

[@amulcool7229]

@@SumanPaulDocand sir do we have to pay taxes at 40% rate on locum salary as well ?

[@otengdarkwa3955]

Great 👍 video Please can you do a video on how to buy your first car,good dealership and how to select a good insurance and drivers license

[@SumanPaulDoc]

Thanks for the suggestion.however more than 85% of my subscribers are based outside UK, so these topics may not be popular right now.i will do them in due course.

[@shyam5335]

Sir can you please put usmle vs mrcp what to pursue and after mrcp during pg will be paid

[@SumanPaulDoc]

Sorry, I don't have any idea about USMLE.

[@SumanPaulDoc]

kzbin.info/www/bejne/i6Cmq5yta9WXabs

[@shyam5335]

Sir some people says uk pays less salary is that true

[@SumanPaulDoc]

@@shyam5335 compared to USA, Australia, gulf countries, the salary in UK is less.

[@shyam5335]

Thank you sir

[@kalarivenkateswararao4085]

Mr Suman after Indian MBBS London residence total gap of time

[@SumanPaulDoc]

5yrs

[@kalarivenkateswararao4085]

@@SumanPaulDoc Thank.u.suman.

[@whatisthereinname1970]

Source of income statement after retairement

[@SumanPaulDoc]

Pensions