What is Pensionable Pay?
This is your normal salary or wages plus any shift allowance, bonuses, honoraria, contractual overtime, Statutory Sick Pay, Maternity Pay, Paternity Pay, Adoption Pay and any other taxable benefit specified in your contract as being pensionable.
Pay does not include
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Non-contractual overtime
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Travelling or subsistence allowances
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Pay in lieu of notice
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Pay in lieu of loss of holidays
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School achievement awards
- The monetary value of a car or pay received in lieu of a car
No payment can be pensionable unless it is subject to income tax.
