Krait,
er no! 5.2% 0ver one year, then a maximum of 5% (less if RPI takes a dip) in year 2 on basic salary only and not ASAP which means less than the headline year 2 rate across total year's salary.
The lower your salary, the smaller your net year 2 payrise as ASAP makes up a larger proportion of your total take home
if year 2 RPI hit govt target of around 2-3%, then that's what we'll get next year on our basic salary only, and 0% on ASAP
Last edited by hold at SATAN; 22nd Apr 2011 at 11:20.