Ming the Merciful
Player Valuation: £6m
Yes, band 6 usually goes up to four bands at the top band with overtime you earn more than a senior officer grade as you don't get paid overtime - but the salary of a senior officer would be greater in the last year as it's the final salary - overtime or bonuses are not taken into account when your final years pension is worked out so staying on grade 6 is advisable for today etc, but you will pay 6% & not contribute to your pension on overtime or any bonus scheme -
At the end of the day, you should aim to get promoted just before you retire - bear in mind also if you are unfortunate to become very ill you get full pension for 40 years now depending on how many years you have in etc - plus there is an early voluntary retiring option called EVR - if the NHS deems you have close to 40 years etc & want to cut back etc
Do not work over your pension limit as you are just wasting contributions ....
My suggestion is the private pension you have, ask your Union advice on buying more years of your NHS pension if it's feasible depending on your circumstances etc
The government are doing their best to do away with final year salaries, as they are fantastic if you get your service years in, or even 2/3rds etc
Once you start them, they are usually contractual in law - check that out - you also don't pay any NI when you get your pension, but they are taxable .....
Nah I've worked higher levels before and purposefully took the step down to spend more time with patients and less time with spreadsheets and pointless meetings.
I don't work any overtime, I work my contracted hours and have good routine with cycling and swimming and family time to keep me mentally well.
I'm on a good salary but I don't want more, the cost to my mental wellbeing is not worth the sacrifice.
I'm hoping to work as long as I can, I enjoy my role and work is good for mental health. - purpose, structure, social interaction.
I'll definitely speak to Union and get some advice though mate thanks lots.