08 February

Since April 2013 almost 3,000 GPs have claimed their pension before the age of 60.

According to statistics from the NHS Business Services Authority, the average age of those drawing their pensions has dropped, from 60.4 years in 2011/12 to 58.5 years in 2016/17.
These figures strike a further blow to the Government’s target of increasing the GP workforce by 5,000 by 2020 – a figure that was already facing increasing doubt after official figures last year documented a net loss of 1,200 GPs between September 2016 and September 2017, even after a record number of trainees were recruited across the same period.

There are no official statistics on retirement numbers as the figures only show how many GPs have begun drawing out their pensions for the first time. This does not necessarily mean that the GP has taken retirement, with many GPs who have drawn their pensions taking ’24-hour retirement’, where they will be carrying out shifts at the same time as receiving pensions pay-outs.
However, the BMA’s GP committee pensions lead Dr David Bailey says: ‘If you draw your pension before 60 there’s a significant financial hit, so I can’t see why you’d want to do that, rather than wait until you can draw it unreduced, unless you’re actually retiring.’

The BMA’s GP committee pensions lead Dr David Bailey said: ‘A significant number are retiring because the indemnity costs involved mean a small amount of part-time work is just no longer a feasible option.’

The latest data from NHS Digital on the revised GP retainer scheme – the scheme that incentives GPs who were thinking of leaving to take on extra shifts – shows that as of September 2017, the scheme has only convinced 218 GPs (90 full-time equivalents) to stay on.

Dr Krishna Kasaraneni, BMA GP committee workforce lead, said the increasing rate of early retirement is ‘concerning for the stability of the GP workforce’ adding that the problem is compounded by ‘too few trainees’ choosing general practice.

Register with us today for our latest roles

Here at Primary Care Professionals we understand that your days are busy so finding the time to search for that new role can be tough. Register with us today with your details along with your CV and we do the leg work of searching for your perfect role so you don’t have to. When we find the latest jobs that are tailored to you we will send you the details direct, putting you forward for only the best roles.

Register Now

Got some questions you want to discuss?

We have a dedicated team on the phones to answer any questions or just talk through what your looking for if you prefer a more personal touch. Arrange a call back from one of our knowledgeable team members and we will get you into your new role as soon as possible.

This field is required
This field is required
This field is required

Be kept in the know of our latest jobs.

We know your time is precious and checking latest job boards regularly can quickly fall down the priority list. How about you let us do all the leg work and send you all our latest roles from across the country directly into your inbox on a monthly basis. Its as easy as registering your name and email address and we take care of the rest. Register today with nothing to lose and the perfect new role to gain.

This field is required
This field is required
This field is required

Register for jobs now…

Please fill out the form before with your Name, Email and Telephone number along with your CV and we will personally search our database and send you our latest jobs that are tailored for you. So we do all the leg work.