Pension Input Amount for 2024/25

AlanP_2

As the tax year 24/25 hasn't finished yet how has your employer calculated the PIA?

Or, is it an estimated figure??


The LGPS calculates the PIA to include AVC contributions so not unusual I would say.

Sarahspangles

AlanP_2 said:

As the tax year 24/25 hasn't finished yet how has your employer calculated the PIA?

Or, is it an estimated figure??

The LGPS calculates the PIA to include AVC contributions so not unusual I would say.

If your salary isn’t variable from month to month and the accrual rate is fixed, you can calculate it, as you have all the data - the inflation figure is the prior September.

AlanP_2

Sarahspangles said:

AlanP_2 said:

As the tax year 24/25 hasn't finished yet how has your employer calculated the PIA?

Or, is it an estimated figure??

The LGPS calculates the PIA to include AVC contributions so not unusual I would say.

If your salary isn’t variable from month to month and the accrual rate is fixed, you can calculate it, as you have all the data - the inflation figure is the prior September.

I realise that and have done it in the past but the OP said they had got the information from their employer not that they had calculated it.

Sarahspangles

AlanP_2 said:

Sarahspangles said:

AlanP_2 said:

As the tax year 24/25 hasn't finished yet how has your employer calculated the PIA?

Or, is it an estimated figure??

The LGPS calculates the PIA to include AVC contributions so not unusual I would say.

If your salary isn’t variable from month to month and the accrual rate is fixed, you can calculate it, as you have all the data - the inflation figure is the prior September.

I realise that and have done it in the past but the OP said they had got the information from their employer not that they had calculated it.

Is it unusual for employers to help like this? I know I wouldn’t get a current year PIA from my employer (NHS) because they’re not geared up for this. However employers also have the info, at the latest as soon as they’ve prepared payroll data in early March. The OP did say they’d just done it.