Skip to main content Skip to footer

Cost of being in the Scheme

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 from 1 April 2015 to 31 March 2021

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).
 

Contributions

Watch our video for more information about contributions.

Download the video transcript (PDF: 38KB).

Find out more about the cost of being in the Scheme:

Cost and contributions from 1 April 2015 to 31 March 2021 (officer) (PDF: 266KB)Cost and contributions from 1 April 2015 to 31 March 2021 (practitioner) (PDF: 257KB)