proportionate pension increases
This exchange has been going on on the ARRSE forum too. I posted the following to give people an idea of how pension increases are staged in the first year:
"I am afraid this site will not let me cut and paste the table but, for last year, with a CPI of 3.1%, the table looked like this:
Leaving date CPI % uplift
1-25 Apr 3.1
26 Apr-25 May 2.84
26 Apr-25 Jun 2.58
26 Jun-25 Jul 2.33
26 Jul-25 Aug 2.07
26 Aug-25 Sep 1.81
26 Sep-25 Oct 1.55
26 Oct-25 Nov 1.29
26 Nov-25 Dec 1.03
26 Dec-25 Jan .78
26 Jan-25 Feb .58
26 Feb-25 Mar .26
26 Mar-31 Mar NIL
It demonstrates what I was saying and if I can get hold of this year's list I will post it on this site."
Most people get no choice about when their last day of service is but, for the few who do, early in the tax year is best.