Hey guys. I'm thinking about shifting to the UK after college, i was wondering what kinda financial life i should be expecting once i'm there. I'm expecting something like a 22000-24000 pound per year income. i know that after monthly tax and health insurance deductions, that comes around 1400-1600 per month and i'm keeping about 550 for accommodation and electricity bills and such. That leaves about 900 per month from which i have to live off on and save. do you guys think thats enough i'f i'm not living in london, but somewhere north of it? Any advice would be much appreciated. thanks =)
i live in the north-east and between me and my partner we only earn about £20000 a year, that supports us both, our daughter, a cat, a cockatiel and a rabbit in a 2 bed street house. Only just mind but if you can earn in excess of £22000 by yourself and not be living in the capital you'll be just fine i think. What are you studying? And what field are you looking to be working in?
wow. that is awesome... O,O I'm currently in Med college and intend to become a foundation doctor in the uk, thats how i know that my salary should be around 22 to 24k. How much would a 1 bed flat cost in your area may i ask?
thats a specialist doctor. Right after Med college there are 2 years of foundation doctor program and one year of specialist training.
It will swing wildly depending on where you want to work. Anything from £400 to £1000 per month for a 1 bed flat, no including bills/taxes.
in my area (teesside) the average price of a 1 bed flat is about £400 per calander month, i pay £450 a month for my 2 bed house but i only have a small yard not a garden, i'd expect to pay more for a bit of green out back. Also in the uk we have the NHS and as flawed as it is it means you don't need medical insurance.
If he's not been a resident here for a year he's not entitled to free healthcare beyond a&e treatment.
Where did you come up with that figure? It doesn't correspond with any payscale. Starting salary is £22,412.
Where are you going to be living and working? That will have an enormous effect on how far your budget will stretch.
You'll be able to live on site as an F1, and probably be able to find a house share with another Dr as an F2.
400-550 hmmm. thats pretty awesome. And if the hospital provides some sort of accommodation thats even better. =D Thanks guys. i was pretty worried cuz college is getting tough as hell and i know i won't have time to organise myself anymore very soon, over here everyone has a USA fever. I hear a lot of "why aren't you going to apply for the states?" and "i heard all doctors go to the states." from family and a few friends too. and they never believe me when i say that states is not a very good option at all for doctors, especially new ones and have to justify all the time -_- Anywho, i'm just ranting cuz exams are close. =P Thanks again guys.
I'm really curious, although I'm an American living in the UK myself, I would think that if I were a doctor that the US would be a better place to work. It's not to say I actually have specific knowledge of these things, so I'm probably wrong. I'd be really interested to hear what you've found in your research.
that is the general outlook in my country too. but when you get into the specifics i saw things that kinda disappointed me. starting salary for a resident last i checked was around 38 to 40k, when you take out taxes it becomes around 33000 per year. thats about 2750 per month. Not bad eh? problem comes from Health and Malpractice insurance. Health insurance is provided in some hospitals and not provided in others, i haven't been able to determine a trend in them yet. Any ways the cost of health and malpractice insurance comes up to 750- 1000 per month. only malpractice can come up up to 1000 per month if you're a surgical resident. so that leaves you with 1750. still not bad. Accommodation expenses. if you're living alone, which is what a immigrant would do, avg cost is around 800 for a 1 bed flat, not including bills. That leaves you with 950. out of this money i would have to eat, travel, pay bills, save up and enjoy myself. Lord help those with student loans. i've heard they can go up to 150k O.O all my sources are through the internet. if you really want a break down, you'll need to talk to residents in hospitals around your area. On a related note, the idea of a privatised health insurance based medical system doesn't sit well with me. Last i checked USA's medical system was ranked 37th by WHO. countries like saudia arabia, Israel, Morrocco and sweden are ranked higher, and England is ranked 18th. so obviously for a foreigner it would be a better choice to apply to the UK rather than the states. =)
Thought about going to Caunckistan(Canada)?? I think that having a completely non-private health care system might make mal-practice costs lower. I think the UK system is good but I have found it incredibly frustrating with situations such as where one patient had to wait 8 weeks for a knee op and the next had to wait 8 months because of the who their GP's were and where you lived. The consultant orthopod who had the office next to me in Canada did my grandmothers THR even though she was from the next province. None of this ''you're not from this area so we can't help you'' sorta stuff. Overall I think the standard of living is higher there as well as being generally much more relaxed. Don't get me wrong, there are lots of great things about the UK. I attended a conference with the originator of the Birmingham hip a few months ago and was amazed at how friendly and sociable the doctors were. Really seem to be a nice group and honestly interested in their patients welfare more than their pocketbooks.. not sure I would feel that as much in places like the USA where you get asked for your credit card/insurance details before you are let in the door. My mates wife cannot get insured because of her genetic history and that is a nightmare! I assume you are looking at the UK because of the Commonwealth connections. If not then Norway or Sweden or the other Scandinavian countries all are very appealing. FWIW LFD
That's interesting about what you say about malpractice insurance. I could see that being a big factor. I know there are, for example, some counties in some states that have no neurosurgeons because of the insurance costs. Ahh, I misunderstood, I didn't think this was necessarily about going to school in the US vs UK. That makes sense, the UK is quite a bit cheaper in that department. I wonder what that actually measures. As there are a lot of arguments that place the US far down because of access to care for some demographics, but that doesn't necessarily correlate with the overall quality of care when it is accessed. In terms of the best medical care in the world, I think it would be hard to argue that it isn't in the States, however the separate argument about whether that care is given efficiently or available to everyone is another discussion entirely. As a doctor, it might still be better to be in the US while as a patient of a certain demographic it might be better to be in the UK. It sounds like you've done your homework and research in a detailed way, so I imagine whatever conclusion you've drawn for yourself is probably spot on. I would trust it over anything that would come out of a talk on a martial arts forum. As for living in the UK in general. I like it. In fact I clicked on this link because I just signed up for the 'Life in the UK' test, which I'm going to take in a week to get indefinite leave to remain, so it can't be all that bad! Good luck and thanks for the info - it's interesting!
That is what the bosses daughter takes home after all the allowances and shift bonuses. She is second year resident. The Bear.
