How much you pay into the Scheme is based on your pensionable pay (1995/2008 Scheme) or pensionable earnings (2015 Scheme). This table tells you your contribution rate:
|
Tier |
Pensionable Pay (whole time equivalent) / Earnings used to assess contributions rate |
Contribution rate for Scheme year 2015/16 through to Scheme year 2018/19 |
|
1 |
Up to £15,431.99 |
5.0% |
|
2 |
£15,432.00 to £21,477.99 |
5.6% |
|
3 |
£21,478.00 to £26,823.99 |
7.1% |
|
4 |
£26,824.00 to £47,845.99 |
9.3% |
|
5 |
£47,846.00 to £70,630.99 |
12.5% |
|
6 |
£70,631.00 to £111,376.99 |
13.5% |
|
7 |
£111,377.00 and over |
14.5% |
For more information about how your pensionable pay is calculated read the pensionable pay factsheet.
