Why is the salary shown on my Benefit Statement lower than my current salary?

Your Benefit Statement shows your Pensionable Salary over the 12 months to the 5 April 2024, Pensionable salary is your base salary plus any pensionable allowances, less for those who joined the Fund after 1 April 1989, the lower earnings limit which is currently £6,417.  

Please see the note on page 3 of your Benefit Statement or the explanation on this page.