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Research Operations Office

 

Published on Tue, 21/04/2015 - 12:23

When making an application to the Wellcome Trust where the pay increase is not known, they have allowed applicants to add 1% inflation to the salary costs of year 1 only. This is because the Wellcome Trust automatically compound inflate commencing years salaries and this is shown on the award letter. 

With immediate effect, the Wellcome Trust has advised that applicants are now allowed to add 1.7% inflation instead of 1%. For further information please go to http://www.wellcome.ac.uk/Managing-a-grant/Finance-and-employment/WTD004100.htm

Your application should be calculated in the normal way on pFACT as before, however you will also need to manually calculate the 1.7% salary increase and add this amount into pFACT as a onetime salary amount. The yearly total and the manual addition from pFACT should be added together and then entered as the total on the application.

If you have any queries, please contact your School Team at the Research Office http://www.admin.cam.ac.uk/offices/research/contact/list.aspx