A guide to living expenses for an NHS employee
- March 28, 2024
Navigating the financial landscape as an NHS employee, understanding various aspects, from pension contributions to childcare costs and general living expenses. In this blog, we'll break down essential information to help you manage your finances effectively.
Pension Contributions:
As an NHS employee, you contribute 13.5% of your income to the NHS Pension Scheme, with the NHS topping this up by 20.6%. These contributions are tax-free, reducing your taxable income. You can access a portion of your pension pot at the age of 55, with the remainder available upon retirement.
Childcare Costs:
Childcare options such as after-school clubs are available at most UK schools, typically running from 3:00 pm to 6:15 pm. Costs range from £10 to £20 per day on average, and you can utilize the tax-free childcare scheme to save up to 20% (up to £2,000 annually) on these expenses. Budgeting around £2,000 to £3,000 per year for part-time childcare is advisable.
Rents and Bills:
The cost of living in the UK, including rents and bills, varies by location. For instance, in areas like Bournemouth and Poole, rent for a 2-bed flat or terraced house near the hospital might range from £1,200 to £1,400 per month. Additional monthly expenses, including council tax, utilities, and internet, can total around £1,750 to £1,800.
General Costs:
Budgeting for phone contracts, groceries, and transportation is essential. Phone contracts typically range from £10 to £20 per month, while groceries may cost around £350 to £400 monthly for a healthy balanced diet. Transportation expenses, including car ownership costs and fuel, should also be considered.
Navigating Financial Decisions:
Opting out of the NHS Pension Scheme to increase take-home pay may seem tempting, but it's generally not advisable. Earning above £100,000 annually can result in losing tax-free allowances and government childcare benefits. Pensions become increasingly valuable in managing taxable income, particularly for senior doctors and consultants.
Conclusion:
Managing finances as an NHS employee requires careful planning and consideration of various expenses, including pension contributions, childcare costs, rent, bills, and general living expenses. By understanding these financial aspects, you can make informed decisions to ensure financial stability and well-being throughout your career.
IMG Jobs
Search and find live NHS doctor jobs in the UK
IMG Resources
Read more useful articles on finding an NHS trust doctor job, pay scales & doctor’s salary in the UK, relocation and much more!
Get in Touch
Don’t hesitate to get in touch using the buttons above (and below) to discuss doctor job options in the NHS, including discussions regarding a typical doctor's salary in the UK and the most suitable hospital locations for you.
For regular news and updates, follow IMG Connect on social media using the links below:
Relevant Jobs
JOB REQUIREMENTS AND DETAILS
- FRCPath or equivalent and Full GMC Registration are required.
- The salary will be competitive and dependent on experience.
CORE DUTIES OF THIS ROLE
- Provide histopathology services for diagnostics.
- Participate in the Bowel Cancer Screening Programme.
- Collaborate in academic and educational activities.
- Contribute to digital Histopathology system development.
LIFE IN THE REGION
The position is based in a city offering a mix of urban amenities and scenic rural living options. Families will find excellent schools, easy access to transport, and a range of leisure activities. The region has a rich cultural and historical significance.
An NHS district general hospital in the North of Scotland is looking for a Consultant Clinical Oncologist with an interest in Lung, Head & Neck, or Breast cancer. The oncology department comprises a team of 7 consultants and is supported by a large team of middle grade doctors. This Clinical Oncology job is open to both international applications and UK-based doctors, though those with European Specialist or FRCR (or equivalent) are most encouraged to apply.
Anyone requiring portfolio support (formally known as CESR) can have their required support discussed on a case by case basis.
JOB REQUIREMENTS AND DETAILS
FRCR, full GMC registration with specialist registration or within 6 months of CCT, along with broad experience in prescribing radiotherapy and SACT, are required for this role, and anyone with an interest in Lung, Head & Neck, or Breast radiotherapy should apply. The salary will be between £107,144 and £142,369 dependent on experience or grade.
CORE DUTIES OF THIS ROLE
-
Manage a subspecialty caseload in Lung, H&N or Breast radiotherapy, delivering high-quality care and treatment planning.
-
Participate in MDT meetings, clinical governance, research and teaching activities.
-
Contribute to acute oncology on-call cover and peripheral clinics across the region.
-
Lead or support the development of new services or innovations in clinical delivery within the department.
LIFE IN THE SCOTTISH HIGHLANDS
This job is based in the Scottish Highlands, a region known for both its bustling city of Inverness and rural escapes like Beauly or Fort Augustus.
The Highlands offer excellent schools, strong transport links including rail and air connections, and year-round recreational options from hiking to arts festivals. The city also has a vibrant cultural and social scene for families and professionals alike.
Rich in heritage, the Highlands are home to some of Scotland’s most renowned history—from clan culture to castles—making this region both a scenic and significant place to live and work.
HOW WILL IMG CONNECT SUPPORT YOU?
When applying with IMG Connect you’ll have the full support of an expert recruitment team who will be your recruitment and relocation partners throughout the process. We\'ll support you with:
-
CV Preparation with a bespoke session with one of our specialists
-
Application support with expert knowledge of NHS specialisms & recruitment practice
-
At least two video calling interview preparation sessions
-
Contract and offer negotiations for salary, relocation packages, tenure and more
Once you have accepted your new role, you’ll then be supported and led throughout by one of our dedicated relocation executives who will guide you through all the way to starting to your new role including:
-
Document gathering and checking COS and Visa Application support if applicable
-
Support sourcing short- and long-term accommodation
-
Travel Arrangements Family support for finding schools and any other aspects of pastoral care
An NHS acute hospital in the South East is looking for a Specialist Acute Physician with an interest in Same Day Emergency Care and Ambulatory Medicine. The Acute Internal Medicine department comprises a team of 13 consultants and is supported by a large team of middle grade doctors. This Acute Medicine job is open to both international applications and UK-based doctors, though those with European Specialist or MRCP (UK) qualifications are most encouraged to apply.
Anyone requiring portfolio support (formally known as CESR) can have their required support discussed on a case by case basis.
JOB REQUIREMENTS AND DETAILS
MBBS or equivalent, full GMC registration, MRCP, and a minimum of 4 years’ post-graduate NHS experience (with at least 2 years in Acute Medicine) are required for this role, and anyone with an interest in expanding SDEC and short stay services should apply. The salary will be between £96,990 - £107,155 dependent on experience or grade.
CORE DUTIES OF THIS ROLE
-
Provision of the Acute Internal Medicine service, including same day emergency care, inpatients on the AMU, and the Short Stay Unit
-
Receiving referrals from primary care to provide clinical advice and triage for potential admissions
-
Supervision of junior doctors and alternative workforce, including advice on treatment plans
-
Participation in clinical education and governance activities, and supporting development of the department
LIFE IN THE SOUTH EAST
This role is based in a major coastal city in the South East, with nearby living options ranging from lively urban centres to scenic rural towns. The region offers strong transport connections, reputable schools, and a wide range of leisure pursuits including historic attractions, beaches, and outdoor activities. Known for its maritime heritage, this area has longstanding ties to British naval and defence history.
HOW WILL IMG CONNECT SUPPORT YOU?*
When applying with IMG Connect you’ll have the full support of an expert recruitment team who will be your recruitment and relocation partners throughout the process. We\'ll support you with:
CV Preparation with a bespoke session with one of our specialists
Application support with expert knowledge of NHS specialisms & recruitment practice
At least two video calling interview preparation sessions
Contract and offer negotiations for salary, relocation packages, tenure and more
Once you have accepted your new role, you’ll then be supported and led throughout by one of our dedicated relocation executives who will guide you through all the way to starting to your new role including:
Document gathering and checking COS and Visa Application support if applicable
Support sourcing short- and long-term accommodation
Travel Arrangements Family support for finding schools and any other aspects of pastoral care
An NHS teaching hospital in the North of England is looking for a Consultant in Medical Oncology with all interests considered. The oncology department comprises a team of consultants and is supported by a large team of middle grade doctors. This Medical Oncology job is open to both international applications and UK-based doctors, though those with European Specialist Registration or MRCP (UK) are most encouraged to apply.
Anyone requiring portfolio support (formally known as CESR) can have their required support discussed on a case-by-case basis.
JOB REQUIREMENTS AND DETAILS
Full GMC registration with a licence to practise and inclusion (or eligibility within 6 months) on the Specialist Register in Medical Oncology are required for this role. The salary will be between £105,504 and £139,882 dependent on experience or grade.
CORE DUTIES OF THIS ROLE
-
Manage and treat patients with cancers as part of the site-specific MDTs.
-
Provide on-call and acute cover for oncology inpatients and new inpatient referrals on a rotational basis (1 week out of 8).
-
Attend weekly multi-disciplinary meetings.
-
Hold an honorary lecturer position at a local medical school and participate in undergraduate teaching.
-
Participate in clinical research as appropriate.
-
Train and teach specialty trainees in medical oncology.
LIFE IN THE NORTH OF ENGLAND
This role is based in the North of England, a region that offers the perfect balance of urban convenience and rural charm. Residents can enjoy city living in York or find quieter settings in the nearby countryside and villages. The area boasts outstanding schools, excellent transport links, and a wide variety of cultural, sporting, and outdoor activities. With its strong ties to Britain’s industrial heritage and the beautiful countryside on its doorstep, the North of England is a popular choice for healthcare professionals relocating to the UK.
HOW WILL IMG CONNECT SUPPORT YOU?
-
CV Preparation with a bespoke session with one of our specialists
-
Application support with expert knowledge of NHS specialisms & recruitment practice
-
At least two video calling interview preparation sessions
-
Contract and offer negotiations for salary, relocation packages, tenure and more
Once you have accepted your new role, you’ll then be supported and led throughout by one of our dedicated relocation executives who will guide you through all the way to starting to your new role including:
-
Document gathering and checking
-
COS and Visa Application support if applicable
-
Support sourcing short- and long-term accommodation
-
Travel Arrangements
-
Family support for finding schools and any other aspects of pastoral care
Would you like this version saved as a text document?
An NHS teaching hospital in the East Midlands of England is looking for a Consultant Clinical Oncologist with an interest in Upper Gi, HPB, and Breast cancers. The Oncology department comprises of a large team of Medical Oncology Consultants and Clinical Oncology Consultants, supported by prescribing Clinical Nurse Specialists (CNS) and rotational specialist registrars (SPRs).
Anyone requiring portfolio support (formally known as CESR) can have their required support discussed on a case-by-case basis.
JOB REQUIREMENTS AND DETAILS
This Clinical Oncology job is open to both international applications and UK-based doctors, though those with European Specialist registration or FRCR qualifications are most encouraged to apply.
Full GMC registration and FRCR (or equivalent) are required for this role, and anyone with an interest in Upper Gi, HPB, and Breast cancers should apply. The salary will be between £105,504 and £139,882 per annum, dependent on experience or grade.
CORE DUTIES OF THIS ROLE
- Provide outpatient and inpatient care for patients with Upper Gi, HPB, and Breast cancers
- Participate in multidisciplinary team (MDT) meetings for skin and urology.
- Supervise and support Clinical Nurse Specialists (CNS), specialist registrars (SPRs), and ward resident doctors.
- Prescribe and manage radiotherapy and systemic treatments.
LIFE IN THE EAST MIDLANDS
The hospital is based in a vibrant city offering both urban living in the city center and rural living in surrounding villages like West Bridgford. The area boasts excellent schools, efficient public transport links, and a variety of leisure activities, including theaters, sports venues, and parks. Nottingham holds historical significance as the legendary home of Robin Hood and played a pivotal role in the UK\'s industrial history.
HOW WILL IMG CONNECT SUPPORT YOU?
When applying with IMG Connect, you’ll have the full support of an expert recruitment team who will be your recruitment and relocation partners throughout the process. We\'ll support you with:
- CV preparation with a bespoke session with one of our specialists.
- Application support with expert knowledge of NHS specialisms & recruitment practice.
- At least two video-calling interview preparation sessions.
- Contract and offer negotiations for salary, relocation packages, tenure, and more.
Once you have accepted your new role, you’ll then be supported and led throughout by one of our dedicated relocation executives who will guide you all the way to starting your new role, including:
- Document gathering and checking.
- COS and Visa Application support if applicable.
- Support sourcing short- and long-term accommodation.
- Travel arrangements.
- Family support for finding schools and any other aspects of pastoral care.