Pensionable Pay

• your normal salary or wages
• bonuses
• overtime – both contractual and non-contractual
• pay for additional hours if you work part time
• maternity, paternity, adoption and shared parental pay
• shift allowance
• any other taxable benefits specified as pensionable in your contract.

You do not pay pension contributions on:

• any travelling or subsistence allowances
• pay in lieu of notice
• pay in consideration of loss of holidays
• pay as an inducement not to leave before the payment is made
• any award of compensation made for the purpose of achieving equal pay, other than a payment representing arrears of pay
• pay relating to loss of future pensionable payments or benefits
• pay paid by your employer when you are on reserve forces leave
• the monetary value of a car or pay received in lieu of a car
• any sum which has not had tax liability determined on it.