Definition of Pensionable Earnings?

What are pensionable earnings?

Pensionable Earnings are your basic annual earnings on 1 September in each year, less an amount equal to the basic State Pension for a single person (currently £6,575.40 per annum) at that date. Pensionable Earnings will be your basic annual earnings on 1 September in each year, less an amount equal to 75% of the single-tier State Pension at that date..

 

 


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