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Old 10th Dec 2010, 15:43
  #18 (permalink)  
Biggus
 
Join Date: Dec 2001
Location: The Roman Empire
Posts: 2,448
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late-joiner,

Top piece of information thanks, you have just made my afternoon!

From the look of the example calculation just after para 0306, on page 1-3-3 (see http://www.mod.uk/NR/rdonlyres/7433E...rt1Amdtno3.pdf ), it would appear that, if you are receiving below inflation, or at least below the pension increase % figure, pay rises then the earliest of your last 3 years salary figure is likely to ultimately be the most productive in terms of pension calculation - an unexpected bonus in my case as some of my last 3 years will include the pay freeze period.

Given that there are no pay rises for the next 2 years, it is good to see that the pension calculation for those soon to leave under AFPS05 will not be as disadvantaged as would originally appear to have been the case!
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