April 2013 Pension changes.
Join Date: Oct 2000
Location: Up North (for now)
Age: 62
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Found different figures for CPI than I used earlier, ie 3.1% and 1.1%:
So putting numbers on it, £75492 (PA Level 33) is outgunned by £76734 (PA Level 32 of £74427 increased by CPI of 3.1% (the September 2010 figure applied to pension calcs for the period April 2011 to March 2012 inclusive))?
PA Level 31 of £71928 from FY09/10 corrected by CPI of 1.1% (September 2009 figure) and again by CPI of 3.1% (September 2010 figure) could have been higher if September 2009 CPI was higher, but actually ends up as £74973.
No point using RPI though as we change to using CPI from April 2011. However, as I said before, given that we now have a pay freeze on and in April 2011 will change from using RPI to CPI, in my case, leaving in March 2012might just be the perfect sweet spot!!
So putting numbers on it, £75492 (PA Level 33) is outgunned by £76734 (PA Level 32 of £74427 increased by CPI of 3.1% (the September 2010 figure applied to pension calcs for the period April 2011 to March 2012 inclusive))?
PA Level 31 of £71928 from FY09/10 corrected by CPI of 1.1% (September 2009 figure) and again by CPI of 3.1% (September 2010 figure) could have been higher if September 2009 CPI was higher, but actually ends up as £74973.
No point using RPI though as we change to using CPI from April 2011. However, as I said before, given that we now have a pay freeze on and in April 2011 will change from using RPI to CPI, in my case, leaving in March 2012might just be the perfect sweet spot!!
