Wednesday, 20 October 2010

retirement excitement builds

On Monday I wrote to my PCT officially announcing my retirement on my 60th birthday, namely 11th January 2011. Almost immediately I received an acid response: I had not allowed the usual 3 months notice necessary for such a procedure. I apologised profusely for my lack of organisational skill and general idiocy, and they seemed to relent. Soon they will send me a complex form to complete. I will also be asked to attach other essential documents, birth certificate etc. It will be a laborious process, though as I pointed out to my partner this morning, one you only have to do once.

The second step is selling the surgery premises, currently owned solely by me, to the other 2 partners. We have agreed to obtain separate valuations and split the difference. I was a little dismayed by my own: it came in at £276,000, an increase of barely 10% since the building last changed hands in 2003- damn that pesky world financial recession. If it hadn't been for that it would be worth closer to 400K today. But there it is. I want above all to maintain friendly relations with my people, and must stick to our original agreement, even though I'm almost certain their estimate will be well below mine. I can't see it being LESS than 250K though, so I will make a modest nest egg- enough to buy a cashmere dressing gown and a couple of really nice holidays at least.

After a symbolic leave of absence, which I believe now can be as brief as 24 hours, I can go back to work, at 2 sessions per week and every third baby clinic, which I shall work as a salaried partner at a rate of around £18,000 pa. Should be useful pocket money to augment my pension (around 35K) and also keep my brain sharp. I have agreed to do both sessions on Monday (I already work all day Monday) in order to leave the rest of the week free to write, juggle, learn to play the piano and whatever else takes my fancy...

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