Assignment X2 Q2.8 (i)

Discussion in 'SP4' started by Snowy, Nov 20, 2009.

  1. Snowy

    Snowy Member

    The solution to this question for option 1 says:
    "But maintain at £20,000 for pension purposes, otherwise there is a knock-on effect"
    What does this mean?
     
  2. Gresham Arnold

    Gresham Arnold ActEd Tutor Staff Member

    It means that when the member's pension is calculated by the administrators of the pension scheme they should use a salary of £20,000 in their calculations, rather than the reduced salary.
     

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