Are you confident you are calculating your net pensionable
earnings correctly?
The actual net pensionable earnings earned by every performer in
the year ended 31 March 2015 must be agreed and submitted by 30
June 2015. The estimated net pensionable pay stated on the Annual
Reconciliation Report may not be correct and you should calculate
the actual figures.
This article will help you with the calculations.
Pensionable earnings ceiling
The first step is to identify the pensionable earnings ceiling.
This is 43.9% of the NHS contract value, which excludes maternity,
paternity and sick pay and trainer grant. The contract value used
should be adjusted for any agreed over performance/contract
adjustment or conversely, for any underperformance or clawback.
