Ted,
It is allowable so you get 40% relief on the fee, but the income is
gross too. So surgeons end up paying 2/3 to 1/2 of their disposable
income on being able to practice!
Hence the pressure on colleagues to do private work to earn a decent
professional wage. (Remember the income is for a full week plus being
available both on call on a rota and available if required.)
The UK gets its medical skills cheap especially as now the students have
to incur large debts to join, and then find others less skilled are
being given their jobs for the same pay but no responsibility.........
I'm glad I'm getting old so the skilled people will still be around when
I need them, but for my children the picture is decidedly less rosy.
Perhaps this is an example of the forecasted selfishness of the
"permissive" generation being revealed.
Mark
In message <[log in to unmask]>, Ted
Harding <[log in to unmask]> writes
>On 21-Jun-05 John Whittington wrote:
Inter alia
>In passing, I wonder if "allowable expenses" includes the
>subscription in question, so that the professional income
>is £75,000-£100,000 after payment of the "premium". Otherwise,
>it seems as though obstetricians could lose 1/2-2/3 of their
>disposable income through payment, which seems gross.
--
Mark Temple
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