Then deduct the weekly payments – £69.50 x 52 (weeks in year) x 3 (years of contract) equals £10,842 (plus any annual increments).
PIP rate for 2020 is £62.25 x 52 weeks = £3,237 x 3 years = £9,711 (obviously there will be 2 small yearly rises in allowance rate but not a lot really.
