Tuesday 13 February 2024

Annual salary review and bonus

Another year, another pay rise lower than inflation, not to mention in comparison to the rise in AWOTE (average wage). I received a 2.5% pay rise, same as last year. Considering inflation was 4.1% in 2023 and 6.6% in 2022 that means my salary has decreased by 5.3% in real terms during the past two years.

Fortunately at the stage of working life I am happy enough to just earn enough to pay the bills while SGL continues to slowly add to my retirement savings, and my investments can be left to (hopefully) slowly grow.

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