Any pay increase over RPI +0.5% and I lose out using the calculator. The amount I lose starts at £2000 a year and increases the more the RPI + figure increases (as you would expect). Given that the average pay rise RPI + figure over the last 10 years or so (I am assured by a learned and respected union bod) is RPI +2.5%, then I along with everyone else stand to lose a fair bit of cash which has been hard earned over the years. Cash which is much better in my pocket than the Robber Barron's.
No way !!!