annual retention fee

annual retention fee

The amount of money that the GMC requires of each UK doctor to maintain active registration.
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She was removed in August 2011 for failing to pay her annual retention fee.
THE GENERAL Optical Council has reduced its annual retention fee by 10 [pounds sterling] for both full price and low-income members to 260 [pounds sterling] and 160 [pounds sterling] respectively, with the student fee remaining at 20 [pounds sterling].
Beverley Cottrell, chairing the committee, said: "The committee would like to make it clear that it is the personal responsibility of every practising veterinary surgeon to ensure that the annual retention fee is paid and that their names are on the register.
In the six months in which Ms Bradley has been interim Chair, the GOC has cut its annual retention fee, published its proposals for an enhanced CET scheme and announced a restructure of the organisation.
Just before Christmas, the GMC announced that it would be cutting the annual retention fees for doctors for the first time in 40 years, citing a "responsibility to provide value for money" as the reason.

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