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Bank vs Substantive Pay Comparison

Compare NHS bank/agency hourly rates against substantive pay including pension, sick pay and paid leave value.

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Compare Rates

£
£
Bank pay excludes pension (worth ~23.7% from the employer), occupational sick pay, maternity pay, and paid leave — this calculator prices them in.

True Comparison

Base hourly (contracted)£19.15
+ Unsocial enhancements£22.02
+ Pension value (employer 23.7%)£4.54/hr
+ Paid leave value≈£0.07/hr worked
True substantive rate£29.20/hr
Bank rate£24.00/hr
Annual difference (bank vs substantive incl. benefits value)
-£10,658
Break-even bank rate: £30.22/hr

Also weigh job security, pay progression, and continuity — bank work has no guaranteed hours. Sick pay and maternity entitlements alone can be worth thousands in bad years.