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Watch this video to understand:
Download the video transcript. |
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Your contribution rate
The amount you contribute to the Scheme is based on your pensionable earnings. If you work part time, we use your whole time equivalent pay to work out your contribution rate.
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% |
Contributions
Find out more about the cost of being in the Scheme:
Cost and contributions for scheme year 2015-16 to 2018-19 (officer) (PDF: 268KB)
Cost and contributions for scheme year 2015-16 to 2018-19 (practitioner) (PDF: 178KB)
