If you decide to adopt any form of alternative working arrangement, you should think about the wider implications of your decision, including financial considerations. The BMA can provide comprehensive information about these. The following will provide a brief summary of factors you should consider.
If you work less than full-time, you can expect to receive a lower salary. Otherwise, your salary should not be affected.
Providing that the work commitment does not fall below a standard agreed basic 10 PA contract, there will be no reduction in pension entitlement. However if any work is undertaken which exceeds 10 PAs, as with full-time standard contract workers, there will not be any increased further contribution to the pension pot. A proportional reduction in pension contribution will occur for any contract worth less than 10 PAs. You should also consider the effect on your pension pay out.
You will need to consider the impact your decision has on your colleagues. Most people will be happy to work with your new arrangements, as long as you discuss these with them first. Colleagues may be wary about how their own work will be affected by changes in those appointed to work alongside them. It is important to reassure colleagues, and to explain to them projected work flow, throughput, and yearly achievable output.