Inflation is a fact of life, and if your income remains the same year after year, the rising cost of living will mean that the amount of things you can buy will decrease each year.

To help avoid this decrease to the value of your income, you can choose for your income to increase each year. This increase is usually fixed, or linked to the rate of inflation.

Bear in mind though that choosing this option will result in a lower starting income. The key is to balance what you need now against what you are likely to need in the future.