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australian doctor payslip revealed - how much I earn as a 2nd year doctor

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Find our how much I got paid as a SECOND year doctor in Australia.
I will show you a detailed breakdown of my payslip including how I read my payslip. In this payslip, there is some overtime, public holiday payments, meal allowance and also continual medical education allowance. I will show you how much I get taxed from my income and what else I spend it on, including having to repay my government loans (HECS/HELP debt) and also pay the Salary Packaging Company.
DiT PAYCHECK (How to Check Your Payslip is Correct)
ditpaycheck.com.au
Can’t thank DiT paycheck enough for its utility and simplicity in reading my own payslip. It can be overwhelming and confusing reading everything so having a resource like this, takes it out of the “too hard” basket and makes it very digestible.
Salary Packaging Company my Hospital uses (each health service uses a slightly different company)
Link to HECS / HELP repayment calculator
www.maxxia.com...

Опубликовано:

28 авг 2024

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Комментарии : 27

@imasperharry 9 месяцев назад

payslips can be super confusing and difficult to understand. what else do people want to know about a doctor's payslips ?

@jm7078 13 дней назад

Hello! Do the hospital not deduct pension in your pay? In the UK they deduct pension from our salary for our retirement.

@tomasgiannullo5453 6 месяцев назад

Thanks for the video! Probable you said it, but just to make sure. So... in total for 2 weeks you have worked 69 hours? Including ordinary hours and overtime.

@imasperharry 6 месяцев назад

so in general 76 hours per fortnight is what you are legally required to get paid. on this payslip, it says 69 hours as "ordinary hours" but I was also rostered in this time to do a public holiday shift which was 12.5 hours. In total for this fortnight it was 81.5 hours. I actually didn't do the public holiday shift because I was sick but I was rostered for it so still got paid those hours (just not at public holiday rates which wouldn't been 250% of the ordinary hourly rate). hopefully that makes sense. the overtime is additional hours I worked that pay cycle.

@tomasgiannullo5453 6 месяцев назад

@@imasperharry thank you! So 81.5 hours in total. Ok. I just needed to get an idea of a basic payslip. I mean working no much more than 40 hours per week. I did not get what you mean with "overtime hours pay cycle".

@imasperharry 6 месяцев назад

if you need more info about how doctors get paid, check this other video out ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-CsTHWgt-L9w.htmlsi=tbfovFk7mxcmXT1p @@tomasgiannullo5453

@TN2jz 7 месяцев назад

Why does PH rates vary in public vs private hospital sectors( 250% vs 150% rate) difference is quite significant to me!

@imasperharry 7 месяцев назад

very interesting! it may be because private pays better initially and doesn't need that much more increase for the rate but I'm not entirely sure as I do not work in private at the moment :)

@MrHuddo 5 месяцев назад

Worked a crisp 69 hours… my man ;)

@imasperharry 4 месяца назад

haha say less my man

@unyimesamuel9711 8 месяцев назад

These figures are in Australian dollars or US dollars

@imasperharry 8 месяцев назад

Australian!

@augustinewianicho7476 9 месяцев назад

Is this for 2 weeks or for a month?

@imasperharry 9 месяцев назад

payslip for 2 weeks of work. It usually depends on the health service/structure as to how often you get paid but from my experience, fortnightly payments are most common

@augustinewianicho7476 9 месяцев назад

@@imasperharry how can I reach you to discuss prospects for IMGs and how to get into Australian medical practice

@imasperharry 9 месяцев назад

linktr.ee/asperharry either ig or email :)

@San-hu9cl 6 месяцев назад

I got a job offer for Medical Officer year4. How much I can expect for take home salary? Thanks.

@imasperharry 6 месяцев назад

probably more difficult to determine take home pay because will depend on salary packaging, overtime, any hecs-help debt repayments etc. salary (before tax) should be approximately 140-150k example for NT doctors average salary - ocpe.nt.gov.au/employment-terms-and-conditions/rates-of-pay/medical-officers

@San-hu9cl 6 месяцев назад

Thanks for reply 😊 Job offer mentions 5300 per fortnight.

@San-hu9cl 6 месяцев назад

What is the difference between RMO and HMO ( same level/job?)

@imasperharry 6 месяцев назад

They differentiate based on HMO (which is more junior) and MO (which was more senior). Hospital Medical Officer (“HMO”) means a Doctor with three or less years of experience and who is not performing the duties of a Medical Officer or a Registrar. Medical Officer (“MO”) means a Doctor with three or more completed years of experience and who is not performing the duties of a Registrar or performing medical work covered by another Award or agreement. Check out this video for more info: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-CsTHWgt-L9w.htmlsi=LC2ICln_Gsxm0-Cb

@izakmizrahi8569 4 месяца назад

83K/yr as a SHO. Lol. You're financially better off avoiding uni and joining Maccas. By the time someone would make SHO you would become a manager making 150K and be held responsible for fries not lives. Not to mention compound interest from investments.

@imasperharry 2 месяца назад

yeh interesting point - money is not the best reason to choose medicine bc of a range of factors so im not too fussed as it'll work itself out. focus on the things that you enjoy about it rather than just pure wealth creation - much more to it then just accumulating money

@Ereeee05 Месяц назад

Isnt 70 hour a week breaks you i work in it and clocks 55 hours a week still you seem to be motivated for your job whats your biggest reason i m rlly curious? @@imasperharry

@rossdr.7831 7 месяцев назад

Heard that NSW paid the least. Wonder if thats ture.

@imasperharry 7 месяцев назад

I have heard there is a slight discrepancy between states but I think at least for first year doctors the maximum difference is about 5-10k for the base salary. But as you know, this doesn't take into account overtime etc.

@rossdr.7831 7 месяцев назад

thx a lot! very informative and FUNNY channel btw@@imasperharry