Jump to content
House Price Crash Forum

Dr Renter

New Members
  • Content Count

    476
  • Joined

  • Last visited

About Dr Renter

  • Rank
    HPC Regular

Contact Methods

  • Website URL
    http://
  • ICQ
    0

Profile Information

  • Location
    Bath
  • About Me
    Football, Golf, Star Wars
  1. Dr Renter

    Is It Game Over?

    No, he's very, very touchy. Probably because his STR dream has gone very sour. I'd take what he says with a truck load of salt. He appears to live in a parallel universe where house prices in the south east have been falling for years and his rent hasn't gone up in a decade.
  2. Dr Renter

    Doctors Strike

    Maybe so. But as it becomes clear that pensions are going south and with continuing worries about banks and economies, people are going to invest in BTL in ever increasing numbers. Not exactly good news for this site. As mutch as I hate The concept of BTL, if the NHS pension gets squeezed further, that's where my money may have to go.
  3. Dr Renter

    Doctors Strike

    A pension scheme is a major factor in choosing a career, at least for normal people. Are you telling me that you didn't consider pensions when choosing your career path? I'm assuming not, hence your disdain for anyone who did.
  4. Dr Renter

    Doctors Strike

    Because i know how hard doctors and other NHS staff work in crap conditions. The NHS pension is the last remaining incentive to become a doctor. Without it our profession in this country will die a slow death. I shall certainly be actively discouraging my 2 daughters from pursuing medicine.
  5. Dr Renter

    Doctors Strike

    I fully intend to. I'll be a consultant in 4 years, I'll give it a few years to develop my private practice (plenty to go round in the Bath/Bristol area) and then wave bye bye to the NHS. My pay will be significantly higher for less work and anti-social hours, and I'll invest the surplus into a few things (maybe a few BTL). Sadly for the taxpayer, you'll have got very little value from the cost of my training.
  6. Dr Renter

    Doctors Strike

    And do you know how hard it is to get these excellence awards? Of course you don't.
  7. Dr Renter

    Doctors Strike

    Wow, serious anger issues here. As previously discussed, doctors contribute more into their pensions than any other public sector workers except police (who retire much earlier). Thus the taxpayer funds less of our pension than civil servants, teachers, MP's etc. Let's take your figures. £100k per year. This will yield a £50k per year pension at the end. 12.5% contributions over 30 years is a pot of £375k. If we take retirement age of 65 and life expectancy of 80 it gives 25k per year from the employee contributions alone. If the government used any reasonable investment vehicle they would have to contribute very little… and that is the current system. If the new changes get passed you'll probably get your wish and doctors will opt out of the NHS pension and the taxpayer will be left with the ridiculously underfunded civil service, military and education pensions. However, there will be side effects. The surplus that the NHS pensions provides will be lost, there will be nothing at all keeping UK doctors in the NHS (many will quit for foreign climbs and others will go into the private sector part time for more money - taking their tax-payer funded million pound training with them), and there will be doctors will money burning a hole in their pockets looking for an investment vehicle….. like BTL ;.-).
  8. Dr Renter

    Doctors Strike

    So why has the government chosen to increase doctors contribution s further, rather than bringing up other public sector pensions to our level? 1. We are seen as easy targets. 2. We have been subjected to a number of significant changes to pay, conditions and training over the last decade. All with a negative impact on us, and we've bent over and taken it without a fuss. 3. The public have been successfully brainwashed into thinking we all earn £200k. 4. The BMA is a poorly run union.
  9. Dr Renter

    Doctors Strike

    You've clearly missed the whole point. The reason for the strike is unequal treatment for public sector workers. Why should a doctor on £120k (just a random number, but you seem to like it) pay 14% pension contributions when most other public sector workers on £120k pay less than half that for the same pension.
  10. Dr Renter

    Doctors Strike

    Where did you get £60,000 plus from? Tube drivers, at the moment are still under £50,000 I believe. And "except consultants and GP's" doesn't just mean junior sectors, you're forgetting the group in the middle, the registrars, the doctors who essentially run hospitals, particularly out of hours and do the same jobs as a GP, without actually being paid like a GP.
  11. Dr Renter

    Doctors Strike

    I disagree. Most healthcare provision is either a simple entity like a hip replacement, epidural or colonoscopy, or can be split into simple components such a GP appointment, outpatient referral or antibiotic prescription. The only area where it is almost impossible is acute hospital admissions which are too variable. I honestly feel that this country needs a short dose of private healthcare, just to give the public an indication of how expensive healthcare would be in a free market.
  12. Dr Renter

    Doctors Strike

    When has the BMA even mentioned wages? This strike has nothing to do with pay. But on the subject of wages, the basic pay of a vast proportion of doctors is not 'decent'. The basic pay of all doctors except consultants and GPs is less than a London Tube driver. Public perception of doctors pay has been very cleverly manipulated by the government and media.
  13. Dr Renter

    Regional Wage Deals

    I interpreted this differently. My view is that the government will use this to decrease public sector wages in areas where house prices are low, not to increase wages in areas where house prices are high. I've always thought it odd that public sector workers in the south east get paid the same as those in the north west.
  14. I noticed. My theatre list was cancelled so I sat on my bum all day.
  15. Love your self-descriptive username. Are all your posts semi-cryptic?
×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.