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MyCompanyPension.co.uk - Helping members of occupational pension schemes to better understand their benefits.
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:: Scheme Member | Important Aspects of My Pension | What earnings are used in calculating my pension?
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What earnings are used in calculating my pension?
Pensionable salary is important in terms of your retirement planning. It is essential that you understand which earnings are included in your pensionable salary and, as importantly, which are not.
The calculations of pensionable salary can be very complex and can involve factors such as maximum amounts to be taken into account, or exclusions of certain types of earnings. All employer sponsored pension schemes will have their own definition of what is pensionable salary.
If you are intending to get advice from a Financial Adviser these are some of the essential things you should be discussing with them.
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To find out more, choose one of our free Factsheets on the right to match your category of membership.
Not sure which category of member you are? See our definitions:
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See our Glossary for definitions of phrases in our Factsheets
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This Factsheet is not yet available for Money Purchase members.
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