British nurses facing life on the street
Discussion
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Sheepshanks said:
sidicks said:
So more like £35k when pension is taken into account.
More like £26K when their pension contributions are taken into account.The value of the taxpayer contribution is about 30% (not that they don't deserve it, but we should compare apples with apples!!).
HTH
sidicks said:
Err, no.
The value of the taxpayer contribution is about 30% (not that they don't deserve it, but we should compare apples with apples!!).
HTH
That's all well and good in 30-40 years time but if a nurse is somehow struggling on £28K then losing nearly £3K in pension contribution isn't going to help their situation today.The value of the taxpayer contribution is about 30% (not that they don't deserve it, but we should compare apples with apples!!).
HTH
Sheepshanks said:
That's all well and good in 30-40 years time but if a nurse is somehow struggling on £28K then losing nearly £3K in pension contribution isn't going to help their situation today.
1) If someone is 'struggling' on more than national average wage then they only have themselves to blame2) Regardless, that doesn't affect the value of the pension benefit they are receiving.
3) I'm interested as to why you think the pension benefit should be valued at minus £9k !!!
4) I have previously suggested that there should be the option of lower contributions (for lower benefits), if the current level of contributions is determined to be unaffordable
Edited by sidicks on Monday 1st May 22:41
JuniorD said:
Like most front lines NHS staff they also do a shed more hours a month than what they are paid for. That anyone, let alone a working professional, should face the need to use a food bank is a sad reflection of the state of the UK.
Whose fault do you think it is if someone earning more than national average earnings needs to use a food bank?Sheepshanks said:
That's all well and good in 30-40 years time but if a nurse is somehow struggling on £28K then losing nearly £3K in pension contribution isn't going to help their situation today.
Then they need to take a serious look at there outgoings and work out whats wrong. £28K is more than plenty to live a normal living on!
sidicks said:
1) If someone is 'struggling' on more than national average wage then they only have themselves to blame
2) Regardless, that doesn't affect the value of the pension benefit they are receiving.
3) I'm interested as to why you think the pension benefit should be valued at minus £9k !!!
4) I have previously suggested that there should be the option of lower contributions (for lower benefits), if the current level of contributions is determined to be unaffordable
1) I'm just going along with the theme of the thread!2) Regardless, that doesn't affect the value of the pension benefit they are receiving.
3) I'm interested as to why you think the pension benefit should be valued at minus £9k !!!
4) I have previously suggested that there should be the option of lower contributions (for lower benefits), if the current level of contributions is determined to be unaffordable
2) + 3) They're not receiving the benefit today. They may receive it the future.
4) Be interesting to see some stats but I've mentioned before that one of my daughters works in the NHS - she's not a nurse but is in the same pay-scale. She reckons hardly any of her similar age colleagues are in the pension scheme. They've got to repay student loans and the pension deduction on top is just too much.
They also don't trust the scheme. And, further, they don't intend to stay in the NHS long term. Indeed my daughter was trained by the NHS but is actually employed by a charity but on NHS T's & C's. However she works alongside people who aren't on the same terms.
Sheepshanks said:
1) I'm just going along with the theme of the thread!
2) + 3) They're not receiving the benefit today. They may receive it the future
How does that give it a negative value?2) + 3) They're not receiving the benefit today. They may receive it the future
Sheepshanks said:
4) Be interesting to see some stats but I've mentioned before that one of my daughters works in the NHS - she's not a nurse but is in the same pay-scale. She reckons hardly any of her similar age colleagues are in the pension scheme. They've got to repay student loans and the pension deduction on top is just too much.
They need to sort out their priorities! Typical of the current generation, who aren't prepared to defer short-term consumption.Sheepshanks said:
They also don't trust the scheme. And, further, they don't intend to stay in the NHS long term.
That's totally irrational.Regardless of whether they intend to stay in the NHS or not they'll still have earned themselves a very valuable pension for the time they have worked.
Sheepshanks said:
Indeed my daughter was trained by the NHS but is actually employed by a charity but on NHS T's & C's. However she works alongside people who aren't on the same terms.
She should be taking advantage of the massively subsidised benefit available to her!anonymous said:
[redacted]
The starting point (straight out of nursing school) is £22k - but that does not include antisocial hours or overtime. On a typical shift pattern, the starting wage would be around £26-28k, excluding OT - employee pension contributions would be in the region of £1500, giving a gross wage of ITRO £25k. Starting annual leave entitlement is 27 paid days. 5 years experience brings that up to £30-33k for a typical shift pattern.Most NHS trusts are short of nursing staff, so there is near unlimited OT available. I know plenty of nurses who routinely do 8+ hours OT a week.
Outside of London, starting wages are typically well above other graduate starting salaries. In London, once the high cost of living allowance (about £4k) is added in, starting salaries are approximately similar to other graduate starting salaries (although shift patterns are more antisocial).
WatchfulEye said:
Outside of London, starting wages are typically well above other graduate starting salaries. In London, once the high cost of living allowance (about £4k) is added in, starting salaries are approximately similar to other graduate starting salaries (although shift patterns are more antisocial).
This is true. Looking around some job websites last night - a degree qualified chemist can be looking at a starting salary as low as £17k and this is likely to have little opportunity for OT. I did see one job being advertised as ideally wanting a BSc in a life science subject and they were offering the job with a salary starting at £15k - that's barely above the top tier of NMW - for a graduate job!!!
Being in the private sector - the pension benefits will be nowhere near as generous as NHS (some private companies offer non contributory pensions which start at as little as 1% gross salary. Many private sector employees are also unlikely to get the discount benefits available to NHS workers. The NHS discount card can pay up to 5% cash back on purchases - as well as qualify for store discounts of around 10-20% in many stores (and as high as 70% in some cases). The card can also be used for discounts on insurance, phone contracts, loans etc - so what wage does get paid, can also go a lot further if these benefits are taken advantage of.
Nurses appear to have it far less badly than we are being lead to believe - from a remuneration perspective at least.
Edited by Moonhawk on Tuesday 2nd May 10:46
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