1. What is a 1.5% Increase?

A 1.5% increase represents a small incremental rise in value, commonly used in UK financial contexts such as annual pay rises, inflation adjustments, or small price increases.

2. How Does the Calculator Work?

The calculator uses the simple percentage increase formula:

Where:

• Old Value — Original amount in GBP
• 1.5/100 — The 1.5% increase expressed as a decimal

Explanation: Multiplying by 1.015 (1 + 0.015) increases the original value by exactly 1.5%.

3. When is a 1.5% Increase Used?

Details: In the UK, 1.5% increases are often seen in:

• Annual salary adjustments
• Pension increases
• Small inflation-linked price rises
• Modest interest rate adjustments

4. Using the Calculator

Tips: Enter the original amount in GBP (pounds sterling). The calculator will show the new amount after applying a 1.5% increase.

5. Frequently Asked Questions (FAQ)

Q1: Why specifically 1.5%?
A: 1.5% is a common modest increase used in UK financial calculations, often representing below-inflation adjustments.

Q2: How does this differ from compound increases?
A: This calculates a single 1.5% increase. For compound increases over multiple periods, a different formula would be needed.

Q3: Can I use this for decreases?
A: No, this specifically calculates increases. For decreases, you would multiply by (1 - percentage/100).

Q4: Is VAT included in this calculation?
A: No, this is a pure 1.5% increase calculation. VAT would be an additional percentage.

Q5: How precise are the calculations?
A: Results are rounded to 2 decimal places (pence) as standard for UK monetary values.