Take home pay for band 5 nurses

Silverdragon102, BSN · Sep 23, 2014

Moved to the UK forum

Starting pay for Band 5 is £21,478 for the year which is approx £1,790 a month. Depending where in London you will get the following

Inner London 20% of basic salary (subject to a minimum payment of £4,076 and a maximum payment of £6,279)

Outer London 15% of basic salary (subject to a minimum payment of £3,448 and a maximum payment of £4,395)

Fringe 5% of basic salary (subject to a minimum payment of £942 and a maximum payment of £1,632)

http://www.rcn.org.uk/__data/assets/pdf_file/0007/572812/nurse-pay-scales-nhs-agenda-for-change-england-2014-2015.pdf

This should help you work out monthly deductions

HM Revenue & Customs: The basics

https://www.gov.uk/understanding-your-pay/deductions-from-your-pay

Again depending where you are rent will be high and you may find it a struggle for rent

oliver01 · Nov 1, 2014

Hi Silverdragon,

Can you help me estimate my monthly take-home pay if I will be working in one of the fringe areas? Let's say I start with the lowest pay for band 5 which is 21,478. What is the estimated cost of housing, transportation, bills, tax, etc? I don't intend to spend too much. Any idea? Would the monthly cost of living be around 700 pounds or more than that?

I have been trying to surf the web but I haven't found anything.

Hope you can help me.

Silverdragon102, BSN · Nov 1, 2014

What do you mean by one of the fringe areas? Do you mean London?

rent can be expensive and can be looking at over 700 pound just for rent. Try rightmove for rent in the area you are planning on living in. Tesco, Morrisons and Asda are supermarkets which will give you an idea on food. Look up London transport and you should be able to get monthly passes for transport but you need to also find out if the transport runs at the times you need for work. Look at income tax and national insurance contributions on google.uk and they should also give you an idea on what deductions there are

skylark, BSN, RN · Nov 2, 2014

Find an Aldi, get an Oyster card and a bicycle : )

If you don't mind thinking outside the box, look at houseboats, its about the only affordable way to live in London these days.

I did it for 8 years and loved it, but you need to be resourceful and practical to do it, its not for everyone : )

oliver01 · Nov 2, 2014

I will be assigned somewhere near south of London so the hospital will give me the so-called Fringe High- Cost area supplemental allowance of only 5%. Given the location of the place, how much do you think is my monthly cost of living? Transport? Bills? taxes? The Gross monthly income might sound attractive but once you really think of the real monthly take-home pay, it is kind of disturbing. One might only save about a third of his earning, so that's about 400-500 pounds if you are just starting as a band 5 nurse. It made me realize that I might probably save more working in the UAE but I really prefer to work in an open and English-speaking country.

I am just wondering what are the pros and cons in choosing to work in the UK (compared to the UAE ) when it comes to earnings/savings.

oliver01 · Nov 2, 2014

I will buy a bike once I get there.

The idea of living in a houseboat is unique. Just like in the movies. It could be fun. But I guess the area I will be assigned is not near to oceans/ lake,etc..

I'm sorry, what's with Aldi and Oyster card? Sorry, not so familiar..

Silverdragon102, BSN · Nov 2, 2014

Aldi is a cheap priced store where you can buy food

skylark, BSN, RN · Nov 2, 2014

Houseboats are primarily on the canal which runs through London. Or on the Thames, its a river. There are no oceans or lakes in the city. A significant percentage of keyworkers live on boats, having been failed by the keyworker housing scheme, which seemed to end up in the hands of various housing associations instead.

Oyster is the TFL ticket, which runs as a pay-as-you-go system, you just use it each time you board a tube or bus.

Google "Transport For London" and then read up about Oyster there.

You can expect to pay rent of 800 to 1,000 GBP a month, council tax varies by borough and in the south, only Wandsworth is really affordable. Utilities will vary by usage of course.

Aldi and Lidl are cheap grocery stores.

When you say 'assigned', who is sending you? If its through an agency they likely have deals with accommodation as well.

And as for English speaking patients, they are the minority in London, you will likely find no difference between London and the UAE in that respect.

You will find that the languages spoken include Punjabi, Gujerati, Somalian, Polish and Romanian. There are many others, but these are the main ones.

GrumpyRN, NP · Nov 2, 2014

Does the hospital you are going to have residences? Some do although a lot were sold off in the 90's. Worth checking out as they are not just for students. I have spoken to people who worked/trained in London and a lot of them flat shared.

Also, please note you are not going to be a pediatric nurse, you are going to be a paediatric nurse. Orthopaedics is the other one, oh yes and an anaesthetist puts patients to sleep, not an anaesthesiologist. :yes: :nurse:

oliver01 · Nov 2, 2014

Wow! I just checked online that my hospital is near TESCO. Thanks for the insight tho.

oliver01 · Nov 2, 2014

Here comes the Brit Way!!! I think I will be in a flat shared to save bucks. My hospital will only let us stay in the free accommodation for a month. How much do you usually spend a month for everything so I have an idea?