GPs working in either a General Medical Services (GMS) or Primary Medical Services (PMS) practice earned an average of £94,800 in 2017-18, an increase of 2.5 per cent from the previous year, according to new figures from NHS Digital.
The GP Earnings and Expenses Estimates 2017/18 reports that the average income before tax for contractor GPs in the UK in 2017/18 was £107,500 for those working under a GMS contract compared to £103,700 in 2016/17 and £114,900 for those working under a PMS contract, representing increases of 3.6 per cent and 3 per cent. The average for GPs working under either a GMS or PMS (GPMS) contract was £109,100 an increase of 3.5 per cent from £105,500 in 2016/17.
However, expenses also rose. The average total expenses for GPMS contractor GPs was £217,500 compared to £203,200 in 2016/17, an increase of 7.0 per cent. The expenses to earnings ratio for GPMS contractor GPs in the UK in 2017/18 was 66.6 per cent, an increase of 0.8 percentage points since 2016/17.
On average, PMS contractor expenses were 22.5 per cent higher than those of GMS GPs in 2017/18. This is the smallest percentage difference between the two groups since the time series began in 2002/03.
The findings are based on anonymised tax data from HM Revenue and Customs' self-assessment tax records and cover both NHS/Health Service and private income.