On 1 April 2015 a new NHS Pension Scheme was introduced which covers all transitioning and new NHS employees. Some members are entitled to remain in the 1995 or 2008 Sections until retirement through the Scheme’s Protection arrangements. The content of this website is being updated in stages to reflect these changes. More information about the 2015 Scheme arrangements can be found here.
Tiered Contributions 2015/2016 through to 2018/2019
The costs of the Scheme are determined by the Government and also the Scheme Actuary who performs periodic valuations of the Scheme to determine how much needs to be paid in to provide the benefits paid out. These costs are shared between the NHS employers and the Scheme members.
As a Scheme member you pay a contribution towards your pension based upon your pensionable pay. The more you earn, the higher your contribution rate may be. Your employer pays the remainder of the pension contribution.
There are seven rates of member contribution, starting from 5% of pensionable pay for the lowest earners and this increases based on their whole time equivalent pensionable pay. The thresholds at which the rates change are linked to nationally agreed pay rates at set levels and are based on salaries equivalent to someone working full-time. If the overall cost of the Scheme increases, the amount you pay may also increase.
Tiered Contributions Factsheet 2015/2016 to 2018/2019
Tiered Contribution Rates 2015/2016 through to 2018/2019 for Scheme Members
Contributions are taken from pay before tax so members receive tax relief on any amount they pay. Members may also pay a lower rate of National Insurance. This can reduce the actual amount that they pay to between approximately 4.0% and 8.70% depending on their contribution rate, earnings level and personal rate of tax. You will find factsheets on the links below for the Scheme years 2015/2016 through to 2018/2019 and previous years. A Scheme year starts on 1 April and ends on 31 March.
The rules in respect of tiered contributions apply to members of both the 1995 and 2008 Sections of the NHS Pension Scheme and also the new 2015 NHS Pension Scheme.
For more information regarding cost and contributions click on the relevant link below:
• Cost and Contributions Factsheet 2015/2016 to 2018/2019 Officer
• Cost and Contributions Factsheet 2015/2016 to 2018/2019 Practitioner
• Tiered Contributions 2014/2015
• Cost and Contributions Factsheet 2014/2015 Officer
• Cost and Contributions Factsheet 2014/2015 Practitioner
| For more information about contributions: