Quicky Pay rise question

savingprivateheron

Hi Everyone

Just a quick question regarding my pay increase. For the last year I have been on £14250 p/a. I have just been told my salray has went up to £14450.

My estimation is that that is an increase of roughly 1.4% (pitifull I know!). I was wondering what the rate of inflation was and if Im now making less money this year even though I am recieving a higher wage.

Any help would be appreciated

Many thanks!

D4WNO

This is a good online tool to work out what you'll be taking home after tax

http://payecalculator.inlandrevenue.gov.uk/PAYE0.aspx

robnye

inflation is definately above 2%, so the answer is probably 'yes' to your question

savingprivateheron

So has anyone actually got a figure for inflation? Ive tried searching but I cant find it. Please excuse my newbness.

thanks guys

melipona

This site has the RPI figures, which is probably what you need to know.

stonefield

http://www.bankofengland.co.uk/

2.2%

nephilim

if you want to ask your boss for a pay rise, write a letter stating your skill base and how you have improved the company! I did that and now my boss and his boss are giving it some serious consideration. If you need a rough idea on what to write, let me know!

MrMoo123

nephilim wrote: »

if you want to ask your boss for a pay rise, write a letter stating your skill base and how you have improved the company! I did that and now my boss and his boss are giving it some serious consideration. If you need a rough idea on what to write, let me know!

Id be interested to know what you wrote if you don't mind so I can use it as a template