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- •FoundationProgramme
- •Preface
- •Acknowledgements
- •Contents
- •Symbols andabbreviations
- •3 History and examination
- •4 Prescribing
- •5 Pharmacopoeia
- •6 Resuscitation
- •7 Care at the end of life
- •8 Cardiovascular
- •9 Respiratory
- •10 Gastroenterology
- •11 Endocrinology
- •12 Neurology
- •13 Psychiatry
- •15 Haematology
- •17 Emergency department

Complaints
Every doctor has complaints made about them. These can be about your clinical ability, conduct, or communication skills. They may be justied or spurious
but they are inevitable, therefore do not feel your world has fallen apart when
you are told a complaint has been made aboutyou. Seek advice from the
relevant senior and support from clinical and educational supervisors.
How the system handles complaints There are two types of
complaints— formal and informal. If a patient complains to you informally
it is in everyone’s best interest, and will save many hours of clinical time, if
you are able to resolve the situation to the patient’s satisfaction there and
then. If you are unable to do so, but feel the problem may be solvable by
more senior input, then call for help. Don’t agree to do something which
you are unable to carryout.
How torespond toa complaint
• All formal complaints are collated centrally in the hospital. In the rare
event you are sent a complaint personally, do not respond but pass it to
the complaints department. In most trusts, the department that handles
complaints is known as PALS (Patient Advice and Liaison Service). They
also provide more general advice and support for patients
• If a patient makes a complaint to you about care they have received
from a colleague (doctor, nurse, or other) then listen to them but try
to avoid appearing to agree or support their position, no matter how
much you may share their opinions. Depending on the seriousness of
their allegations (Box .4), either oer to feedback the comments or
advise them to discuss matters further withPALS
• If a complaint has been made about the care of a patient you saw, you
may be asked for a statement. This is an internal document and should
be written as a letter, but bear in mind that if the case goes to court,
this document could be requested by the patient’s lawyers
• Simply state the facts as you see them, do not try to apportion blame.
You may be able to expand on your notes, particularly the details of
conversations which may not have been documented
• Do not take it personally
• If you feel it is clear how any error could be avoided in future then state
this as well. Patients are often satised by knowing that any mistake they
suered will not be repeated forothers
• All the statements made by the sta involved are then collated and a
letter is written on behalf of the chief executive (and usually signed by
them) to the patient. This usually ends thematter
• There are further steps, both with the trust and then regionally, if this
is not enough.
Box .4 Seriouserrors
• Preventable death of a patient
• Signicant harm to a patient, in a predictableway
• Disciplinary oences including:
•
substanceabuse
•
being drunk onduty
•
sexual/ racial harassment.
33COMPLAINTS

34 CHAPTER Being adoctor
Incident reporting
Clinical incidentsThese are denedas:
• Anything which harms patients’ care or disrupts critical treatment
• An event which could potentially lead to harm if allowed to progress
(‘near misses’). They range from minor incidents, eg incorrect results,
to life- threatening, eg wrong blood group in a blood transfusion.
Non- clinical incidentsThese include:
• Incidents which involve sta, relatives, or visitors
• Incidents which involve non- clinical equipment or property.
The aim of incident reporting is to highlight adverse incidents or ‘near
misses’, assess them, and review clinical practice as a result. Ultimately it is
designed to reduce clinical risks and improve overall quality of patientcare.
When a clinical incident/ near missoccurs
• Make sure the patient issafe
• Complete a trust critical incident reporting form (usually online)
• Forward the form to the clinical risk coordinator (usually automatic if
form is electronic)
• Ensure your seniors are aware of what has happened
• Consider completing some formal reective practice in your ePortfolio.
Examples ofall- too- common clinical incidents
• Blood samples from two dierent patients being confused
• Failure to report or follow up abnormal results
• Equipment failure
• Drugs prescribed to patients who have a documented allergy
• Delay in treatment/ management.
Completing incidentforms
• Fill in an incident form as soon as you can after the event so that you
don’t forget any relevant information
• Check you are lling in the correct form. All NHS trusts now use online
incident reporting systems though there may be paper backups
• Include the time, date, sta involved, as well as the issues being reported
• Check if the named consultant needs to ll in/ sign theform
• If you are reporting an incident involving your colleagues, inform them
and explain the situation. Learn from their mistakes without judgingthem.
The critical incident form is copied to clinical risk directors for evaluation
at panel meetings, where changes to clinical practice are discussed.
Hints andtips
• If a critical incident form is led involving yourself, don’t assume
you’re a bad doctor; use it as a learning experience
• Find out the reason and circumstances and clarify the situation with the
person ling thereport
• Go over the incident and review your actions, asking if there is
anything you would change; if it helps, discuss it with a colleague.
4
See Mhttps://www.england.nhs.uk/wp-content/uploads/202/0/Final-update-NE--April-209-
3-March-2020.pdf for a list of events that should
14
never happen (but sadly, still sometimesdo).

Colleagues and problems
Many of us may have worked with a colleague who worried us
professionally— ‘I wouldn’t want to be treated by Dr X’. When does this
become enough to do something? And what do youdo?
Clinical incompetence
• The GMC is quite clear that we all have a clinical duty to report
colleagues who we believe to be incompetent. This does not equate to
pointing out every fault of every other doctor but it does mean that you
cannot ignore serious concerns if you believe patients are at risk ofharm
• Serious concerns about a trainee should be passed to the relevant
consultant. Ask to see them in private. It may be easiest to open the
conversation with a question, to ask them to put your mind at rest:
‘I don’t know if you are aware that Dr X does not use chaperones? I’ve
always been told we should use them for intimate examinations. I’m here
because two women told me that they had felt uncomfortable withDrX.’
• If the problem is with a consultant then you should either talk to
another consultant or, if it is very serious, the medical director
• If you are unsure whether a problem exists, or how serious it is, then
talk to a friendly consultant informally (eg your supervisor or a clinical
lecturer you got on with at medical school).
Recreational drugs/ alcohol
• There is a clear dierence between a doctor occasionally drinking
too much while o- duty and one who helps themselves to controlled
drugs or who has developed an alcohol problem
• Likewise, regardless of substance, there is a dierence between what
someone does that only aects themselves and actions which aect
quality of patient care. Any colleague who appears on duty while badly
hungover is a potential risk to patient care and should be removed from
clinical duties (and should be encouraged to recover in the mess or go
home). Repetitive behaviour of this kind should be discussed with the
colleague, and/ or their educational supervisor
• Drinking during working hours, arriving drunk, or use of controlled
drugs are totally unacceptable and you have a duty to alert your
consultants to any such problem. They will consider the GMC guidance
and following a meeting with the individual involved will decide if GMC
referral is appropriate or if a local warning and period of ‘probation’ is
needed, These problems are better tackled early while solvable than
left until they cause patient harm and ruin a career.
Psychological problems
• Every year, doctors develop serious psychological illnesses just like the
rest of the population and doctors are just as bad at self- diagnosis
• The more common problems include frank depression and hypomania,
the rare include psychosis and schizophrenia (E p. 404); the symptoms
often come on gradually such that even close colleagues may not notice
the transition from mildly eccentric to frankly pathological
• Depression is commonly masked well while atwork
• Talk to an individual directly, or their consultant, if you are concerned
about their health.
35COLLEAGUES AND PROBLEMS

36 CHAPTER Being adoctor
Hating yourjob
Experiencing problems at work is common and usually transient. If you
nd things do not improve, try to identify the problem. However dicult things are at work, you should always remain polite, punctual, and
helpful. If you don’t, you may be the one perceived to be the problem.
Stress at the workplace The responsibility that comes with being
a doctor, the demands of your job, fear of litigation, and high expectations from peers and patients can leave you physically and mentally
exhausted. If you feel things are getting on top of you, reassess your
workload. Speak to colleagues to nd out if there are easier ways of
doing things. Take annual leave and upon your return approach your
work schedule dierently to help regain control of things. Ensure you
have time to relax away from work and keep up your outside interests.
If things don’t improve, talk to a friend, contact the BMA (E p. 628) for
advice, or discuss the situation with a trusted senior or mentor.
Handing inyour resignationIf you can nd no other option and
you are clear medicine isn’t for you, you can always leave your job. Find
out how much notice you are required to give and who to direct your
letter of resignation to. During your last weeks, stay an active member
of the team rather than taking a short- timer’s attitude. Complete any
outstanding work and tidy up loose ends before leaving.
Bullying at work Bullying can be from your seniors, peers, other
healthcare professionals, patients, or their relatives. If you feel you are
being bullied, discuss it with someone, either at work or independently
(eg the BMA). Speak to your predecessors to nd out if they had similar
diculties and how they handled the problem. Keep a diary of relevant
events, together with witnesses, and approach your consultant. If it is
your consultant who is the problem, approach another consultant you
trust or contact BMA counselling (Ep. 628).
Sexual harassmentThis may start very innocently and gradually es-
calate into intimidating behaviour which may aect your work, social life,
and condence. In the rst instance, make it clear that their advances
are not welcome and conde in someone you trust. Find out if other
colleagues are also being harassed and report the harassment to your
educational supervisor. Again, the BMA can be a useful source of advice.
Discrimination All employers must abide by an equal opportun-
ities policy that includes standards on treating all employees. Before
deciding to take things further, conde in a trusted senior colleague.
Keep a record of any events that stand out as being discriminatory,
documenting dates, times, and witnesses. Contact the BMA for advice.
You may have to submit a formal letter outlining your concerns, so make
sure you are prepared to pursue a formal complaint before committing
yourself onpaper.

Relaxation
Have a breakThere are few problems that must be solved immedi-
ately. Leave the ward, ask someone to hold your bleep, and take 5min
to unwind. Take deep breaths and concentrate on the feeling of the air
rushing in and out of your lungs. Count the breaths and try to clear your
mind. Try squeezing the muscles in your feet then feeling them relax; do
this with all the muscle groups from your legs to your neck. Think about
something you are looking forwardto.
Do not let medicine take over your life. In particular, value and cultivate
your non- medical friendships— these can be hard to sustain under the
strains of shiftwork but you will value an external perspective on life beyond the NHS. It may not take much to make life seem better; tryto:
37RELAXATION
• Go forawalk
• Watchalm
• Go shopping
• Exercise
• Watch acomedy
• Take a longbath
• Go out for a meal
Try toavoid:
• Smoking
• Excessive alcohol
• Talk to friends
• Watchsport
• Playagame
• Have a goodcry
• Go to thepub
• Have a massage
• Cook
• Drugs/ sleeping tablets
• Excessive caeine.
• Plan a holiday
• Talk to parents
• Have alie- in
• Listen tomusic
• Have an earlynight
• Join a class/ club
• Read (another) book.
Causes ofstress
AttitudeThere is no point worrying about things you have no control
over; it is natural to feel concerned about future events but almost everything will turn out well in the end, even if it is not as you have plannedit.
ThejobSee E p. 9 on being ecient. The job gets much easier with time;
these skills become second nature and you perform individual tasks quicker.
Yourself Be honest with yourself:are you tired? Everything is harder,
slower, and more stressful when you have not had enoughsleep.
Think about what makes you stressed and whether this is a problem with
your attitude, the way you do the job, other people, or the nature of the
job. Try to accept, change, or avoid these stressors.
Otherpeople If someone is annoying you then consider telling them
so. Plan how you will tell them, do it in private, and do not blame them;
just explain how it makes you feel. Most people will be apologetic and try
to change.
2If you feel it is all getting too much and/ or nobody cares, try speaking to:
BMA counselling (you don’t need to be a member) 08459 200 69
Samaritans 08457 90 90 90

38 CHAPTER Being adoctor
Pay and contracts
Junior doctors’ contract In August 207, the new junior doctors’
terms and conditions of service replaced the previous 2002 contract
(updated in 2008) in England. The most signicant changes were pay increments remunerating responsibility rather than time served, new safeguards against poor training and overwork (Box .5), and an extension
of normal working hours until 9pm on weekdays. However, many details
were contentious and despite concessions on both sides, sticking points
remained. As a result, the country bore witness to unprecedented industrial action (Box .6). Employers, trainers, and trainees are still getting
to grips with the details. You should read your contract carefully as we
provide only a summary, the details are important, and your seniors may
be quite unfamiliar with its intricacies. Note that Scotland, Wales and
Northern Ireland remain on the 2002 contract.
Box .5 Limits onworkinghours
• Employers and doctors are responsible for doctors’ safe working
• Limits on hours include no more than 48h work during the average
working week (56h if opted out of the European Working Time
directive), or 72h in any 7d stretch. The average working week
is dened as starting at midnight between Sunday and Monday, is
averaged over 26wk, and includes locums (Ep. 40)
• Mandatory h rest between shifts, with time o within 24h ifless
• No shift (except non- resident ‘availability ’ shifts) should exceed3h
• Consecutively no more than 8d of work, 5 long shifts (0h+), 4 long
shifts that nish after pm, or any 4 shifts that include 3 of the hours
between pm– 6am (with 2d mandatory break aftereach)
• 30m break during a 5h shift or 2 during a 9h shift; not within an hour of
starting/ nishing, ideally in the middle, and can be merged intoh
• Safeguards are there for breaches or inadequate training (Ep. 39).
Pay arrangements The following elements vary depending on your
rota but are added up to generate your salary (EFig. . p. 4):
Basic salaryDepends on grade and responsibility, based on 40h/ wk.
Additional hoursAn allowance for up to 8h extra perweek.
Weekend allowanceA % added to the basic salary depending on the fre-
quency of weekends worked (3% for in 7, 0% for in2).
Night duty37% on top of the basic salary for hours worked 9pm– 7am.
Availability allowance8% on top of the basic salary for when you can be at
home but may be telephoned for advice or called in towork.
Flexible pay premia Supplements for those in GP, academic, oral and
maxillo- facial, and hard- to- ll programmes to support workforce development, time out of training, and/ or the extra degrees required.
Exceptional pay premia Supplements for activities of broader interest to
the NHS (eg time out of training to assist in public health crises).
Pay inexceptional circumstancesMoney received from nes (Ep. 39).
Pay protection A cash oor to protect the wages of doctors already in
training programmes when the new contract started in 206/ 207.

Safeguards These protect against poor training and excessive service
provision:
Work schedule Contractual plan for your service provision and training
provided by trusts and agreed in advance with your supervisors.
FinesDepartments are ned at 4× the hourly rate if doctors are worked
>48h during the average working week (Box .5), >72h in any consecutive 7d, or have <8h rest between consecutive shifts. Contractual
breaches not meeting these criteria are reciprocated with time o or pay
for all work done. Complete an ‘exception report’ as soon as possible.
Exception reporting The way of informing trusts when work varies from
the agreed schedule (eg dierences in hours, breaks, patterns, training,
or support). If patient safety is at risk, it must be raised at the time to the
responsible senior clinician, otherwise electronic forms distribute the details and should be submitted within 4d (7d if claiming pay, 24h if patient
safety breach). Outcomes may be nes, extra income, time o, a work
schedule review, or system change.
Work schedule review To ensure that schedules remain t for purpose.
Triggered in writing by doctors, supervisors, employers, exception reports, or the guardian of safe working hours. If dissatised, escalate to a
level 2 work schedule review and then a ‘formal grievance procedure’.
Guardian ofsafe working hours (GOSWH)‘Independent’ champion of safe
working hours (but employed by the trust, and approved by junior doctors). Responsible for escalating working hours problems to senior
management, distributing money from nes, and reviewing exception reports. Accountable to junior doctors and the executiveboard.
Junior Doctors’ Forum A forum for junior doctors to raise concerns and
decide on the allocation of nes (from nes, .5× basic pay goes to
the individual and 2.5× to training/ trainees). Made up of elected junior
doctor representatives, the GOSWH, the chair of the local negotiating
committee, and the director of postgraduate education.
Director ofpostgraduate educationResponsible for training in the trust.
39PAY AND CONTRACTS
K Box .6 The junior doctors’ contract dispute
Employers and employees both want improved patient care and keeping
contracts up to date with the demands of current healthcare is part of
this. In England, negotiations between the BMA and employers began
in 202, continuing on and o for 3years. By 205, the Secretary of
State for Health Jeremy Hunt threatened to ‘impose’ a new contract as
the debate became increasingly political and emotional. This contributed
to a response from junior doctors that culminated in an overwhelming
majority vote for strike action. In total there were 8d of industrial action,
and the rst withdrawal of emergency care ever in the UK. By late 206,
the dispute drew to a close, with lasting damage perhaps done to morale
and reputations on both sides. Years later, in 2023, against a backdrop of
the global pandemic and a cost of living crisis, junior doctors (and senior
colleagues) across the UK took to the ballot again. While the BMA in
Scotland and Wales has secured some concessions from the respective
devolved administrations, industrial action continues in England, where
the outcome, at the time of writing, is far from clear.

40 CHAPTER Being adoctor
Making moremoney
There are several ways to make money in addition to your basic income
(Fig..). You must keep records of all additional income and declare these
in your self- assessment to the Inland Revenue at the end of each tax year.
Research There are usually several research projects being undertaken
in most hospitals which require volunteers. These range from a 5min interview to a week- long study and in most circumstances the volunteers are rewarded nancially (eg £5 to >£000). These may carry a risk ofharm.
LocumsMost hospitals employ locum doctors to cover sta sickness or
busy periods. They can be internal or external. Internal locums have their
substantive post at the hospital and are working additional hours from the
NHS sta bank. External locums are working away from their base hospital
(or do not have one), often on behalf of private locum agencies. There are
many locum agencies that you can register with; they are often advertised in
BMJ Careers. To reduce spending on locums, two key measures have been
introduced. The rst of these, caps on total hourly rates, seems to have
had little success. The capped rates are much lower than those previously
oered such that trusts that enforce them have a much harder time lling
rota gaps, resulting in unlled slots and increased strain on other doctors. An
‘exceptional circumstances’ clause allowing the cap to be broken has been
widely used by many trusts, with several continuing to pay rates similar to
or above those oered before the introduction of the cap. Rates of pay
will vary and can still be negotiated, but an F can expect pre- tax rates of
£20– 30/ h, and F2s £25– 35/ h. The second new measure is a clause in the
206 junior doctors’ contract specifying that those doctors planning to take
locum work must initially oer their services for the proposed shift time to
their employing trust sta bank. The trust must respond in a timely manner
indicating if they require the doctor’s services. The doctor is under no obligation to take any extra shifts on, but would not be able to take an agency
locum if the trust had oered sta bank work at an appropriate level (not a
lower grade). Importantly, you should discuss locum shifts with your supervisor and include them in your work schedule to ensure contractual limits on
individual and average weekly working hours (48h or 56h depending on if
you’ve opted out of the EWTD) are not exceeded.
Cremation certicates The cremation form has two parts
(E pp. 250–). Historically these were completed by junior doctors (usually the F) but this is no longer the case in all trusts. Junior doctors are paid
around £80 for completing the form. The bereavement oce handles the
forms and issues any cheques. Make sure you see the body, checking identity
and that there is no implantable device that needs removing (E p. 250); they
really do explode if incinerated.
GiftsThe GMC is clear in its message that you should not encourage pa-
tients or their families to give, lend, or bequeath gifts to yourself, others,
or to organizations.
as long as it has negligible nancial value. If you are given money, then pass
this to the ward sister to put into wardfunds.
5
Mhttps://www.gov.uk/topic/personal-tax/self-assessment
6
M https://www.gmc-uk.org/ethical-guidance/ethical-guidance-for-doctors/good-medical-practice
6
If you are given a gift, then it is acceptable to take it
5

Always check your payslips carefully, before storing them safely: make backups of electronic payslips and
never throw paper copies away. They can be a useful record of tax, pension, and loan payments long after
you have enjoyed spending the money. If you think a mistake has been made, contact the salaries and wages
division of the HR oce for your trust, quoting your assignment number (employee number). In the event of
signicant underpayment, you can request an interim payment be made pending the resolution.
Fig.. A sample payslip.
This is the total annual basic salary for your nodal pay point (‘’ for Fs, ‘2’ for F2s). Latest updates are released as
‘Pay Circulars’ on the NHS Employers website Mwww.nhsemployers.org
2 This is the date when you are next due to go a point up the pay scale, usually 2 months of full time employment after your previous
date (or date of rst starting working as a doctor). When changing trusts mistakes can be made so always check this date is correct.
3 Your tax code shows the amount of income you are entitled to earn in the current tax year that you do not pay any tax on. This
gure should be multiplied by 0 to give your total allowance. This will be the basic personal allowance for the tax year, as set by the
government, adjusted to take account of any under- or over-payments you may have made in previous years. Each tax year runs
from April to April. After your rst tax year in paid employment, you will receive a P60 summarizing your tax paid during that year
with the code that should apply to you in the next tax year. A copy should also be sent to your trust, but if you move trusts around
this time, the new trust may not receive the correct information unless you show them your copy of the P60. If your new trust does
not know the correct code for you, they will use an ‘emergency’ code, set as the basic personal allowance, which may or may not be
correct. The letter after the code should be an ‘L’ unless very specic circumstances apply to you. See also Mwww.hmrc.gov.uk
4 This will be approximately /2 of your basic annual salary.
5 This lists the pay you receive on top of your basic pay for additional hours over 40h, nights, and weekends. Details of how these
are calculated are provided in the pay circulars and related junior doctor contract information available from the NHS employers
website. Do check that the medical stang department have provided correct details of your rota to the payroll team since early
evidence from the introduction of the new contract would suggest a number of instances of errors in this regard.
6 Under the ‘Pay as you earn’ scheme (PAYE), your trust will automatically deduct your tax from your income each month. Both
your basic pay and your pay for additional hours, nights, and weekends are taxable. In your rst few months of employment,
you may not pay any tax until your income has risen above the personal allowance for that year. Enjoy this while it lasts!
7 National Insurance (NI) contributions pay for certain state benets, including your state pension. These are not optional, and
will be deducted automatically, according to thresholds. The current rate is 8% of income over £23/week, though this is
subject to annual review.
8 The NHS pension scheme remains a very good deal, although terms and conditions have been changed signicantly
in recent years and are subject to further negotiations. Your pension contributions are not taxed and will also be
deducted automatically according to various earnings thresholds, unless you opt out of the scheme. Pension contributions are calculated from your basic pay (including any London weighting)—pay for additional hours, nights, and
weekends is not subject to any deductions. See also Mwww.nhsbsa.nhs.uk/nhs-pensions
9 Repayment for any student loan is taken automatically from your pre-tax earnings when your income reaches a certain threshold.
Although the landscape around tuition fees, repayment thresholds, and interest rates is constantly changing, in 2023/2024 the
minimum contribution is 9% of earnings above the threshold. Specic thresholds and repayment timings then depend on Student
Finance organization. If you applied to Student Finance Scotland or Northern Ireland, or Student Finance England or Wales and
started before September 202, repayments start in the April of the rst year after you graduate (the start of the nancial year)
and are taken from any pre-tax earnings above an annual threshold of £24,990. In this case payslips before April in the rst year
after you graduate may not contain loan deductions. If you applied to Student Finance England or Wales but started on or after
September 202, student loan contributions are taken as soon as you graduate on any monthly pre-tax earnings over £2,274.
You can repay faster if you wish. Keep a record of all payments you make and check them against annual statements. Errors are
common when changing trusts. Payments that appear to have gone missing can be credited to your account easily if you can
provide a copy of your payslips. See Mwww.studentloanrepayment.co.uk
0 The numbers in this section will keep a tally of your total payments from that employer during the current tax year. If
you change trusts, the numbers will be reset, but your tax thresholds should not be.
Your NI letter reects the contribution group you fall into. For almost all of those in the NHS pension scheme, this will be ‘A’.
2 Pensionable pay does not include any pay for additional hours, nights, and weekends.
3 Pay dates will vary between trusts but are generally around the last Thursday in the month. It can be dicult to get
paid on time at the start of employment with a new trust.
4 Trusts will transfer the money into your bank account by BACS transfer. These can take up to 3 working days.
5 Your taxable pay includes your basic pay (including London weighting) and pay for additional hours, nights, and week-
ends, less any pension contributions.
6 Don’t get too excited by this number… 7 … and try not to get too sad about this one…
8 ... because this is what you’re going to have to spend until next month comes around.
41MAKING MORE MONEY

42 CHAPTER Being adoctor
Money anddebt
The level of medical graduate debt has increased markedly in recent
years. New FP trainees from England can expect to owe ~£45,000 in
tuition fee loans, sometimes up to £80,000 if you include maintenance
7
loans.
Financial management priorities have therefore changed drastically. This section is not comprehensive but aims to give some important
pointers and warnings.
Debt clearanceMost graduates have three dierent types ofdebt:
Short term High- interest debts (eg credit cards ± overdraft, if at
1.
full charge). Pay these back rst and as fast as possible. Try not to
extend them just because you have anincome
2.
Medium term Commercial loans (eg a high street bank graduate
studies loan). These should be paid back next, as spare fundsallow
3.
Student loans At (relatively) low rates of interest— pay these back
last. Usually it does not make sense to overpay— seek advice.
Pay close attention to the annual percentage rate (APR) and charges attached to any loan arrangement. Interest- free loans or credit cards can
help in the short term but ensure you don’t get saddled with a high APR
later. Loans are a competitive market so shop around— especially for
something like a car loan where the car dealer rarely oers the best rate.
Think ‘total cost’ not just ‘monthly repayments’.
Some basic rules fornancial planning
Short termClear debts with the highest interest as soon as possible.
Medium termTry to accumulate a safety net of ‘emergency savings’— the
amount needed will vary with individual circumstances.
Long termThe NHS Pension Scheme remains an attractive option at pre-
sent and you will be automatically enrolled in it unless you opt out. With
this taken care of, you could think about trying to save for the deposit
on a property (even if just £00/ mth). Home ownership is an attractive
option if you can raise a deposit. Bear in mind that there are large upfront costs to house buying (eg legal fees), you will be responsible for all
maintenance, and will not be able to take the property with you when
you move to another part of the country.
Financial advice Since you now have a salary that increases incre-
mentally and is virtually guaranteed for life, nance companies will swarm
round you like wasps round jam. Beware of some very slick sharks— their
aim is only to get you to buy their products. There is no altruismhere:
• Truly independent nancial advice is hard to obtain— ask how
independent they reallyare
• Firms must now show what commission will be received for any
product you choose, both to the individual who sold it to you as well as
to their company
• Do not buy from the rst or most persuasive salesperson, but take
your time to consider what you really want andneed.
7
Ercolani MG, etal. The lifetime cost to English students of borrowing to invest in a medical
degree:a gender comparison using data from the Oce for National Statistics.
205;5:e007335.
BMJ Open
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