How Much Australian Junior Doctors Earn VS UK NHS Doctors | Salary Breakdown

Summary

In this video, the host compares the salaries of junior doctors in the UK and Australia, highlighting the striking differences. With UK junior doctors earning around £2,400 after tax for a 48-hour workweek, they face financial challenges that have led to ongoing strikes. In contrast, Australian doctors, working 10 hours less per week, earn approximately £3,178 after tax, showcasing a more favorable pay scale. The video emphasizes the importance of transparency in discussing earnings and provides valuable insights for those considering a career in medicine or contemplating relocation.

Takeaways

• 👨‍⚕️ A recent survey indicates that one in three junior doctors in the UK are planning to leave the NHS within two years of graduating, with 40% considering leaving the UK for better opportunities.
• 🌟 Junior doctors in the UK are currently on their 11th round of strike action, primarily due to dissatisfaction with pay conditions.
• 💼 The video compares the earnings of a UK-based doctor in their second year post-graduation with those of a doctor in Australia, highlighting the differences in compensation.
• 💷 In the UK, the narrator earns approximately £48,000 per year before tax, averaging around £2,450 per month after tax for a 48-hour workweek.
• 💰 In Australia, a doctor in their third post-graduation year (PGY3) earns around AUD 88,240 per year before tax, which converts to approximately £57,200 for a 38-hour workweek.
• ⏰ The Australian doctor works 10 hours less per week compared to the UK doctor, yet earns a higher salary.
• 🌐 The pay scale for doctors in Australia varies by state, with Victoria being one of the states with a standardized rate.
• 📚 Australian doctors receive a continuous medical education allowance to support their professional development costs, a benefit not mentioned for UK doctors.
• 💼 Salary packaging in Australia allows doctors to reduce their taxable income by claiming back certain living expenses, thus lowering their tax burden.
• 💡 The video emphasizes the importance of transparency in discussing earnings to help guide career decisions, especially for those considering a move to another country for work.

Q & A

What is the main reason for junior doctors striking in the UK according to the video?

The main reason for junior doctors striking in the UK is poor pay conditions.

What percentage of doctors are actively planning to leave the UK according to the British Medical Association's survey mentioned in the video?

According to the British Medical Association's survey, 40% of doctors are actively planning to leave the UK.

What is the average annual income before tax for the narrator in their second year as an NHS doctor in the UK?

The average annual income before tax for the narrator in their second year as an NHS doctor in the UK is roughly around £48,000.

How many hours per week does the narrator typically work in the UK?

The narrator typically works around 48 hours per week in the UK, with some weeks going up to 60 or 70 hours, particularly when on call.

What is the average hourly rate before tax for the narrator in their second year as an NHS doctor in the UK?

The average hourly rate before tax for the narrator in their second year as an NHS doctor in the UK is £17.89 per hour.

What is the average post-tax monthly income for the narrator in the UK?

The average post-tax monthly income for the narrator in the UK is roughly around £2,425 after tax.

How does the average hourly rate compare between a PGY3 doctor in Australia and the narrator's experience in the UK?

A PGY3 doctor in Australia earns an average of £25.49 per hour before tax, which is higher than the narrator's £17.89 per hour in the UK.

What is the significance of the term 'salary packaging' mentioned in the video in relation to Australian doctors' pay?

Salary packaging in Australia allows doctors to claim up to $9,000 per year pre-tax for certain living costs, which reduces their taxable gross income and thus their tax burden.

What is the average weekly work hours for a PGY3 doctor in Australia according to the video?

A PGY3 doctor in Australia works an average of 38 hours per week, which is 10 hours less than what the narrator works in the UK.

What additional allowance do Australian doctors receive for continuous medical education?

Australian doctors receive an additional allowance of approximately £95 per month for continuous medical education.

How does the post-tax monthly income of a PGY3 doctor in Australia compare to the narrator's income in the UK?

A PGY3 doctor in Australia earns approximately £3,178 per month after tax for a 38-hour work week, which is higher than the narrator's £2,400 after tax for a 48-hour work week in the UK.