Skip to main content Skip to footer

Cost of being in the Scheme

 

How much you pay into the Scheme is based on your pensionable earnings or whole time equivalent if you work part time. 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 (PDF: 154KB).