First, a massive reality check. You see big numbers online, like £100,000 or $200,000. That’s the gross pay. Think of it like a giant birthday cake you technically own. Before you can take a bite, you have to pay the bakery, the delivery guy, and half the party guests.
For a GP, those guests are insane. We’re talking rent for the surgery, staff salaries (nurses, receptionists), insurance, and those weird vibrating pens you get as freebies. By the time they’re done, the cake is a cupcake. A fancy cupcake, sure, but still.
Salary vs. “Partnership” – The Real Game
Most people think GPs are just employees. Nope. Loads of them are partners in a practice. This is the big leagues. An employed GP in the UK might take home £60,000 to £80,000. That’s solid, right? You can definitely afford avocados with that.
But a partner? They share the profits (and the losses). They can earn £100,000 to £120,000 easy. Before tax and all that overhead nonsense. Sounds dreamy. But imagine having to pay for a new roof on the surgery when it leaks. That’s your holiday money, gone. Poof!