Registration fees for doctors cut
Thousands of newly-qualified doctors will benefit from a new fixed-term discount on our registration fees, which could save them over £1,000.
The fixed-term discounts, starting from 1 April 2018, will apply to doctors’ fees for up to six years on the medical register, depending on how they join.
Support during financially challenging years
Chair Professor Terence Stephenson said the decision was a mark of the organisation’s drive to alleviate pressure on doctors new to medical practice and the wider medical profession where possible.
He said: ‘Many professionals find their first years in work the most financially challenging as they face a host of new expenses.
‘The cost of student loans, indemnity insurance, monthly subscriptions and ongoing training amount to significant sums.
‘I hope that this change to the way we structure our fees will provide additional practical support to doctors early in their careers.’
Lower fees for doctors at all stages of their careers
All of these changes will take effect from doctors’ registration and renewal dates from 1 April 2018 onwards.
All 7,000 doctors who apply for provisional registration from April 2018 will benefit from the full package of discounts, saving them over £1,000. An additional 41,000 doctors who have been registered for less than six years will also be eligible for some discounts.
All doctors who have held full registration for more than five years will receive a fee reduction of £35 – meaning they will pay £390 for their annual retention fee instead of £425. This means the annual retention fee remains at the level it was ten years ago.