Seems like it's always a few pounds less than the gross pay, or about 5% below.
How is Pensions Contribution Pay calculated, and why is it always a few percent off gross?
The nerd in me needs to know
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How is "Pensions Contrib. Pay" calculated?
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cheerful
- Posts: 90
- Joined: 29 Jun 2016, 21:30
- Gender: Male
How is "Pensions Contrib. Pay" calculated?
In the top right corner of our payslips, it has the "Pensions Contribution Pay", but I've never been able to work out how it's calculated.
Seems like it's always a few pounds less than the gross pay, or about 5% below.
How is Pensions Contribution Pay calculated, and why is it always a few percent off gross?
The nerd in me needs to know
Seems like it's always a few pounds less than the gross pay, or about 5% below.
How is Pensions Contribution Pay calculated, and why is it always a few percent off gross?
The nerd in me needs to know
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RobertT
- EX ROYAL MAIL
- Posts: 6645
- Joined: 09 Sep 2007, 14:26
- Gender: Male
How is "Pensions Contrib. Pay" calculated?
I’ve never been able to get my head round it either to be honest as it seems to be different for everyone, despite earning the same.
But friend of the forum nataddick, did contact HR a while back and gives an explanation in this thread: https://www.royalmailchat.co.uk/communi ... 27&t=70490" onclick="window.open(this.href);return false;
But friend of the forum nataddick, did contact HR a while back and gives an explanation in this thread: https://www.royalmailchat.co.uk/communi ... 27&t=70490" onclick="window.open(this.href);return false;
Links to all RM pension related websites are here