Published on Fri, 02/02/2024 - 12:04
Effective from 1st February 2024, X5 has been updated with the new fEC, facility and inflation rates as well as salary files. The new fEC rates are available on the AFPA website and the X5 changes are listed ROO website. Most of the fEC rates have decreased compared to last year due to much lower indexation rates and a reduction in CPS pension provision.
For existing costings in X5, the Rates tab will show these files as out of date. To apply the new rates to existing costings, go to the rates table tab and update the out of date files by clicking on “apply all updated files now”. Please be aware that your costs will change due to the new 2024 rates.