how does it work, for example is s45 indexed on: i./average salary whilst a life is aged 45 (age last birthday) ii./the total years income before a life turned 45 ie between age 44 & 45 iii./what their salary was on their birthday iv./all of the above, but depending on the examiner i cant get my head around it, someone must know
It's the 1st one. Core reading difines salary index like this. ***salary expected to be received in age interval ( x, x+1) as sx.***
