11th November 2011, 07:51 PM
New salary minima(in effect from April 2012)
From 1 April 2011, with 5.2% increase PIfA AIfA MIfA New minimum salary recommendations ?15,836.80 ?18,445.77 ?23,884.60 No employer pension contributions (+6%) +?950.21pa +?1106.74pa +?1433.07paa Per additional hour over and above 37.5 hpw +?422.31pa +?491.88pa +?636.92pa No sick leave allowance (based on min. 1 month full pay) +?1319.73pa +?1537.14pa +?1990.38pa
Good news indeed.
This now brings it up to BAJR levels. though this is the big question... As companies (that advertise on BAJR) already have to pay higher levels, then companies are already paying the (for example) higher rate
IfA PIFA minima - ?15,054 From 2012 ?15,836.80
BAJR minima G2 ?15704
for me to match the IfA minima it would need a 0.84% rise.
Should I match this (ie, bring BAJR and Ifa Minima back into synch) or should we look at the situation in January.
I had considered another 2% rise... which would bring the minima rate just over the magic number of ?16,000pa or ?308 per week.
All in all I congratulate this rise... and would welcome comment on BAJR Rates as well.
From 1 April 2011, with 5.2% increase PIfA AIfA MIfA New minimum salary recommendations ?15,836.80 ?18,445.77 ?23,884.60 No employer pension contributions (+6%) +?950.21pa +?1106.74pa +?1433.07paa Per additional hour over and above 37.5 hpw +?422.31pa +?491.88pa +?636.92pa No sick leave allowance (based on min. 1 month full pay) +?1319.73pa +?1537.14pa +?1990.38pa
Good news indeed.
This now brings it up to BAJR levels. though this is the big question... As companies (that advertise on BAJR) already have to pay higher levels, then companies are already paying the (for example) higher rate
IfA PIFA minima - ?15,054 From 2012 ?15,836.80
BAJR minima G2 ?15704
for me to match the IfA minima it would need a 0.84% rise.
Should I match this (ie, bring BAJR and Ifa Minima back into synch) or should we look at the situation in January.
I had considered another 2% rise... which would bring the minima rate just over the magic number of ?16,000pa or ?308 per week.
All in all I congratulate this rise... and would welcome comment on BAJR Rates as well.