The Student Room Group
Uni students - Complete our survey >>
Uni students - Complete our survey >>
Uni students - Complete our survey >>

Telling people that you do Medicine

Scroll to see replies

Original post by Orinincandenza
Ahh, wait until they learn about loan repayments and 40% tax.

Fun Fact, if they become a consultant and earn £100,000, then the government takes 40k and the loan comapany another 7k so they're down to 50 thousand or so. Disappointing.


Unless you find a way to avoid tax (which is legit, but evading taxes isn't). :colone:

Original post by Orinincandenza
Ahh, wait until they learn about loan repayments and 40% tax.

Fun Fact, if they become a consultant and earn £100,000, then the government takes 40k and the loan comapany another 7k so they're down to 50 thousand or so. Disappointing.


40% tax band doesn't kick in until £37.4k (e.g. your earnings below this figure will be subject to the lower band), so your take-home salary would be more like £64k before student loans.

Quick Reply

Related discussions

Latest

Trending

Trending

Articles for you