What is gross income and what is net income?

If we ask for your gross income we mean your annual pre-tax earnings generated from any non-indemnified medical work you do, whether or not you receive any or all of this.

Before calculating your subscription, we allow you to deduct reasonable practice expenses up to 50% of the gross figure.

Your net income is your annual gross income minus reasonable practice expenses.

This page was correct at publication on . Any guidance is intended as general guidance for members only. If you are a member and need specific advice relating to your own circumstances, please contact one of our advisers.