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Old 14th Jul 2023, 17:28
  #45 (permalink)  
BrianTrousers
 
Join Date: Mar 2022
Location: dear old england
Posts: 10
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I may have missed it..

Originally Posted by Roland Pulfrew
LJ, I may have missed it, but I thought the £1K "bonus" was exactly that, a bonus and therefore not pensionable and not taken into account in any future pay awards.
You have missed it. The £1000 payment is not a bonus- it is a consolidated payment. That means it is taxable, but also pensionable and enduring. Ie it is added to your annual salary amount so that any percentage award in subsequent years will take into account this extra £1k
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