'There is no longer any relationship between actual pay and pensionable pay, pensionable pay increases annually by the rate by inflation (up to a maximum of 5%) regardless of any pay increases that we might receive.TheTrolleyMan wrote: ↑18 Apr 2023, 18:27Snap , same here a larger percentage means RM pay more into your pension pot , also doesn’t the company have form for breaking agreements .GlassDoor wrote: ↑11 Apr 2023, 09:55While 1500 sounds nice, it’s. Not pensionable. And of course who knows what will happen next year with the proposed 6%, things change and that might not happen.FilthyBloke wrote: ↑07 Apr 2023, 12:13I’d take that deal? Probably option B on the pay deal but otherwise I’m happy with that.
Whereas option a with the 6% now would be better for pension.
I would take option A
Pensionable pay increased by 5% on 1st of April this year, it's usually hidden by indexation of tax allowances but this has been frozen this year so you might have noticed a small reduction in your take home pay since last month because the amount of pay that you pay the 6% pension rate on, increased by 5%