RPI+.5%
Just did sum quick sums, if you expect an average annual pay increase of RPI + 2% which I don't think is unreasonable. And a current salary of 50k and RPI average of 3%
After 10 years
Final salary £81,000 Final pensionable salary £70,000
20 Years
Final salary £130,000 Final pensionable salary £99,000
30 Years
Final salary £210,000 Final pensionable salary £140,000
40 years
Final salary £350,000 Final pensionable salary £190,000
As I said quick sums so might not be totally correct but close enough I think that’s a F@@king massive difference.