GMC registration, JRCPTB, RCP, Medical protection……the list goes on. The arrival of August normally means the flurry of medically essential (and often fairly substantial) payments. On LTFT pay these make a very noticeable dent in your monthly take home pay. However there are some small savings to be made for the admin savvy – sorting them out is enough to fill an hour or two but can save you around £500-£1000.
General Medical Council
If you earn less than £32,000/year you are eligible for a discount on your yearly fee of approximately 50%. Its very straightforward to apply online via your GMC online portal and you can apply up to three months in advance of your registration renewal, in the subscription year itself or for three months after it has ended.
There are no reductions for working LTFT but both full and part time trainees will only pay a total of £845 over their speciality training e.g. if you currently pay £169 annually this will stop after 5 years of contributions as an LTFT irrespective of whether you have completed your speciality training. You can hold your fee whilst you are on maternity leave.
There is no reduction in annual fees for the LTFT trainee and during a period of extended leave e.g. maternity leave your fee only reduces by 50% as opposed to being waived. The current fees are £140/yr.
British Geriatrics Society
Whilst the BGS offers no reduction in its yearly subscription rate for LTFT trainees you can hold your membership whilst you are on extended leave. It’s current rates for an ST3 are £101/year by direct debit or £122 as a one off card payment.
The BGS is currently working on reducing their fees for LTFT trainees so there may be savings to be had in the future.
It depends on your grade but they do offer a reduction in your membership of between 25-50% both as a LTFT and if you are not working for a minimum period if 28 days.
They do offer a reduction in rates by maintaining the ST3 LTFT price until you CCT/CESR rather than increasing it yearly which is what happens with a full time trainee . The current cost for a geriatric ST3 in an in-hospital setting is £149. You can also defer your membership whilst you are on maternity leave.
British Medical Association
A slightly more protracted process but again worth it. You need to apply for a salary link alongside your membership which will then reduce your membership fees. This is salary link A if you earn less that £11,110 OR are on maternity leave and salary link B if you earn less than £38,380. This will result in savings of £279 or £220 per year respectively. https://www.bma.org.uk/membership/membership-faqs
So if you know you are about to start a period of leave you need to get on the phone or the computer to let these organisations know and save yourself a bit of cash.
By Nicola Lochrie, SW London LTFT Training Representative