Statement on 2015/2016 minimum salary recommendations

At the meeting of the Board of Directors on 26 January 2015, CIfA’s minimum salary recommendations for the financial year beginning 1 April 2015 were agreed. The new rates are provided in the table below, along with details of the uplift required to meet the recommended remuneration package.

To see current salary recommendations please go to
Increases outlined below will be applied from 1 April 2015.

CIfA continues to work alongside other bodies within the profession to ensure that the issue of pay is proactively addressed by the whole sector. To see CIfA’s Action plan on pay (2014-16) please visit

Condition PCIfA ACIfA MCIfA
2015/16 minimum salary recommendations £17,299.00 £20,150.00 £26,045.00
No employer pension contributions (+6%) £1,037.94 £1,209.00 £1,562.70
Per additional hour over and above 37.5 hpw £461.31 £537.33 £694.53
No sick leave allowance (based on min. 1 month full pay) £1,441.58 £1,679.17 £2,170.42