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ACAD-AE-MED  August 2006

ACAD-AE-MED August 2006

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Subject:

Re: Study Leave Budgets

From:

Craig Ellis <[log in to unmask]>

Reply-To:

Accident and Emergency Academic List <[log in to unmask]>

Date:

Wed, 16 Aug 2006 07:36:11 +1200

Content-Type:

text/plain

Parts/Attachments:

Parts/Attachments

text/plain (53 lines)

No I wasnt - right conversion rate - just a typo - used a 3 instead of a 2. The NZ $ hasnt suddenly done badly against the Sterling - its been doing badly for the last decade !!

Consultant here with 10 years experience:

$250K NZD. 3 Clinical shifts + 1 Admin shift per week. 6 weeks AL + 2 Weeks CME

A direct dollar for pound comparison is meaningless - its a cost of living comparision which is important. I think the general feeling, as you suggest, is that you can have a better life style in NZ than in the UK dollar for pound - but that if you are planning on moving back to the UK or worse still retiring back to the UK it would be a financial disaster for you. If you are moving permenantly then its fine. So come out for a year on a working holiday and see if you like it !! (Must have Critical Care skills though !)

The other poster was right - its not nearly as good as Oz - I just got a phone call from a recruitment agency offering me a job there :- 300K AUD + 25K CME + Salary sacrificing + Car + 5 weeks AL + 2 weeks CME. Who would come to NZ !!!!! The only thing stopping me is young children and a wife that wants to be close to her family.

cheers

Craig


-----Original Message-----
From: Accident and Emergency Academic List
[mailto:[log in to unmask]]On Behalf Of Doc Holiday
Sent: Tuesday, 15 August 2006 5:17 p.m.
To: [log in to unmask]
Subject: Re: Study Leave Budgets


>You need to move to NZ.
Our Professional development allowance is currently $8000 (so about 3500 
pounds) and likely to go up with our current contract negoiations + 6 weeks 
Annual leave and 2 weeks study leave.

--> NZ$8000 is around 2670 Sterling... You are using a conversion rate which 
is somewhat out of date. The NZ currency has done badly against the Sterling 
recently and, the higher UK interest rates go, the worse it will do...

Could you give us an estimate of the big picture? i.e. for a consultant 
with, say, 10 years experience, what is the gross annual remuneration 
package? If the corresponding pay in the UK was not 2670 Sterling above that 
or more, THEN it will be financially better in NZ...

I am also thinking about how much time and money it would take to make it 
over to any major conference (mostly Europe and North America) all the way 
from NZ... You will be needing a decent budget for travel...

Some time back I had a discussion about this with a friend who works in the 
financial world. He took into account what he thought the main financila 
advantage in NZ was (lower living costs and housing costs) and many other 
numbers; he factored in new & old UK contract pay, pension, travel, 
salaries, awards, etc, etc. (his wife is a doc and they were thinking about 
the move). He worked out that, as things stand, the NZ salary would buy a 
better standard of living in NZ than the UK one would buy in his part of 
England. However, the longer he stayed down under, the further behind he'd 
be should he ever decide to return... They are still in the UK...

Hopefully when the negotiations are over, you can fill us in on the new 
details and we'll recalculate. It may eventually become tempting...

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