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.

All income figures provided should be for your membership year.

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.