Demonstrating above everything else, probably puts you in good stead if you want to go on to become a lecturer. I regard it as training myself. It shouldn't cut into your time doing your research work, and hence you would probably only have the opportunity to work for an hour or two a week anyway.
There are usually many more PhD students than there are opportunities to demonstrate or take tutorials. Most people end up doing only a few hours every term. It can be really good experience and will be of some help in deciding whether you want to continue in academia. The money is usually pretty good and will be tax free for full time PhD students. Rates vary but through an extensive survey of a single PhD student we heard that he got £13.50/hour for demonstrating.
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