Mike, just to continue your version, how can I get the pensions total to
calculate without dragging down and summing the column. I'm trying to show
this as a one page spreadsheet and want the total pension for each employee
totalled on the same line that has other details about them. eg age etc

Cheers

John
"Mike H" wrote:

To demonstrate the formula I've entered the actual values within the formula
but in practice it would be better to use cell addresses for the values:-

To calculate final salary:-

=20000*(1+3%)^5

Where 20000 is todays salary, 3% is the annual adlustment and 5 is the
number of years to work.

To work out total pension contributions put the starting salary in say A1
and in A2 type

=A1*1.03

Drag this down. In B1 type
=A1*0.16 to get the pension contrinbution for that year and drag down and
sum the column.

Mike

Mike


"tartan tim" wrote:

I have a group of employees who are on different salaries and different
percentage contributions from the employer to their pension fund - some 6%
some 18%. I need to project the total cost of each employees pension upto
their retirement age of 65 years. So the formula I need has to include an
annual pay award each year over that time while calculating the pension
contribution as salary rises.

The formula would look something like this:

1. Salary + say 3% pay award each year for say 30 years - Show final Salary
2. Employer pension contribution (of Salary) for same period - Show total
employers pension contributions for that period.

Any help ? Thanks