GP training is an exciting journey to prepare you become a GP. As a trainee, you will have various expenses from relocation expenses, medical indemnity fee, purchasing medical equipment, GMC registration fee to RCGP membership fee. Let’s not forget the RCGP exam fees. These expenses add up to a few thousands of pounds over the years.
Relocation expenses
As a junior doctor who needs to relocate for work purpose, you are eligible to claim relocation expenses from your employer. These include removal and transportation of your belongings, letting agency fee and expenses due to preliminary visits. You are eligible to claim back up to £8000 in relocation expenses during your training.
Tax rebate
Doctors can claim tax back on professional expenses such as GMC, Royal college and examination, reducing the costs by up to 40%. There are different ways to claim tax relief for employment expenses from HM Revenue and Customs (HMRC). Depending on your circumstances, a claim can be made online (annual tax return or on a special form called a P87), by post or by phone.
Study budget
GP registrars have a study leave budget of approximately £600 annually. You can use your budget to enhance your professional development. GP registrars interested in women’s health may complete RCOG’s Diploma exam (DRCOG) designed for non-O&G specialists who work in women’s health care. It’s important to remember to use your study budget to cover course or conference fee. The RCGP website is a good place to search for courses relevant for GP. Be sure to plan your study leave early on.
Conclusion
Preparation and planning are vital to maximise your GP training. The paperwork involved in claiming back expenses may seem daunting but might well be worth the effort. Use your educational sessions wisely. Consider attending courses or do something that will enhance your professional development.
