Starting Income Basics
Your initial will depend on the number of years of experience after graduation. The pay is standard across all NHS trusts and is set by the BMA payscale. You will be asked to produce certificates showing your years of experience. Your first months salary may be based on year 1 scale but this will be updated in the second or third month.
Basic salary :
This is the core salary paid for your basic work. This is usually for 40 hours per week ( 9 AM to 5 PM or equivalent). This forms the key point on which all your added salary is based. Your pay slip will reflect what your annual basic salary is.
Banding :
This is a supplement paid on top of your basic salary to reflect your on calls and additional work. This will be based on your on call frequency and intensity. Generally it would be between 40 -50%
Extra on calls:
There will be the opportunity to do extra shifts if there are no doctors to cover a shift at short notice. This is paid accord to the NHS locum payment scale and may be between £25 – £40 per hour. So for an extra 12 hour shift you will be paid £480 on top of your basic salary.
Deductions
Tax :
This is taken from your salary before it is paid into your bank account. This depends on your annual salary and equal amounts are taken every month, so that your salary is constant month to month. The calculation is quite complex and it is all done for you by the finance department and you get a pay slip at the end of the month. The first 11000 or so is non taxable. The next 32000 is taxed at 20% and the rest is taxed at 40%. The tax brackets can be seen on the www.gov.uk website. The calculation will be done for you on www.thesalarycalculator.co.uk.
National Insurance
This is a deduction taken from you as a contribution towards your NHS care. This is based on your salary and covers you, your family and your dependants.
NHS Pension Scheme
The NHS pension scheme is generally considered a good pension scheme and life insurance policy. You can choose whether to join or not although if you don’t make a choice, you will be automatically enrolled. Your contribution will be 6.5% of your salary and your employer will contribute an extra 14% of your salary to the scheme. The benefits can be found on the NHS pension website.
If you die, your spouse/ partner/children will get a lump sum tax free. From retirement age, you will get a guaranteed pension, wherever in the world you are.
More details salary sacrifice scheme