NEWLY qualified doctors will benefit from a new fixed term discount on their General Medical Council fees which could save them up to £1,000.
The reductions will apply to doctors’ fees for up to six years on the register, depending on how they join.
All 7,000 doctors who apply for provisional registration from April 1, 2018 will benefit from the full package of discounts, saving them over £1,000. An additional 41,000 doctors who have been registered for less than six years will also enjoy some savings.
All doctors who have held full registration for more than five years will receive a fee reduction of £35 – meaning they will pay £390 for their annual retention fee instead of £425.
The cuts are a result of operational savings made by the regulator over the past two years. These include the relocation of more than 130 jobs from London to Manchester and reforms to streamline the GMC’s fitness to practise procedures.
GMC Chair Professor Terence Stephenson said the decision was a mark of the organisation’s drive to alleviate pressure on doctors new to medical practice and the wider medical profession where possible.
Following feedback from registrants, the GMC will also remove transaction charges from April 1 for those paying the annual retention fee via monthly or quarterly instalments.
From 2019, the GMC has pledged to limit any fee increases in line with inflation, to avoid large one-off increases in future years.