The rate of contributions you will pay is based on how much you are paid. When you join, and every April afterwards, your employer will determine your contribution rate. If you have more than one job your contribution rate will be determined separately for each job. If your pay changes throughout the year, your employer may decide to review your contribution rate at that time, rather than wait until the following April.
|
Band |
Actual pensionable pay for an employment |
Contribution rate for that employment |
|
|
|
|
Main section |
50/50 section |
|
1 |
Up to £18,400 |
5.5% |
2.75% |
|
2 |
£18,401 to £29,000 |
5.8% |
2.9% |
|
3 |
£29,001 to £47,300 |
6.5% |
3.25% |
|
4 |
£47,301 to £59,800 |
6.8% |
3.4% |
|
5 |
£59,801 to £84,000 |
8.5% |
4.25% |
|
6 |
£84,001 to £119,100 |
9.9% |
4.95% |
|
7 |
£119,101 to £140,400 |
10.5% |
5.25% |
|
8 |
£140,401 to £210,700 |
11.4% |
5.7% |
|
9 |
£210,701 or more |
12.5% |
6.25% |