A medical consultant is a doctor of senior standing. In the National Health Service (NHS) of the United Kingdom, these include those who have completed all specialty training. The pay rates for NHS consultants vary in terms of both the number of years employed with the NHS as well as by location. The salaries for NHS consultants, however, compares favorably with other doctors.
NHS Consultant Salary Ranges
According to the NHS, consultant doctors have a basic salary that falls within the range of £36,807 and £70,126 a year. This salary varies with respect to the length of time the doctor has served with the NHS. In addition to base salaries, incomes may be supplemented with a range of clinical excellence awards on both a local and national level.
Pay by Location
Rates of pay may change based on areas associated with high costs. Those employed in Inner London receive a 20 percent increase in basic salary as of April 2010, which has a minimum payment of £4,036 and a maximum payment of £6,217 a year. Those employed in Outer London receive a 15 percent increase to base pay with a minimum of £3,414 and a maximum of £4,351. Those employed in the Fringe, i.e. areas not within Greater London but close, receive a 5 percent increase subject to a minimum of £933 and a maximum of £1,616 per year.
Pensions and Pay Rises
NHS consultants, like all employees employed within the NHS, are entitled to enter into the NHS Pension scheme, which gives employees tax relief on contributions as well as a lower rate on National Insurance contributions. As of 2011, the current contribution rate is 14 percent of earnings. A pay raise is normally reviewed each year. However, there is currently a pay freeze for those earning £21,000 or more until 2013.
Other NHS Doctor Salaries
The salaries of NHS consultants compare favorably with other doctors employed in the NHS. Doctors who are in training receive salaries that range from £22,412 to £27,798 a year. Those engaged in specialty training have basic salaries of £29,705. Specialty doctors receive annual incomes that range between £36,807 and £70,126 a year. General practitioners who are employed directly with the NHS earn incomes that range between £53,781 and £81,158 a year.