Contribution rates

What do I pay?

Your contribution rate depends on how much you are paid, but it will be between 5.5% and 12.5% of your pensionable pay. The rate you pay depends on which pay band you fall into.

If you work part-time or term time, your rate is based on the actual rate of pay for your job, so you only pay contributions on the pay you actually earn.

These are the pay bands that apply from April 2016:

Pay band If your yearly pay is: You pay a contribution rate of: 
    Main section 50/50 section
1 Up to £13,600 5.5% 2.75%
2 More than £13,601 and up to £21,200 5.8% 2.9%
3 More than £21,201 and up to £34,400 6.5% 3.25%
4 More than £34,401 and up to £43,500 6.8% 3.4%
5 More than £43,501 and up to £60,700 8.5% 4.25%
6 More than £60,701 and up to £86,000 9.9% 4.95%
7 More than £86,001 and up to £101,200 10.5% 5.25%
8 More than £101,201 and up to £151,800 11.4% 5.7%
9 More than £151,800 12.5% 6.25%

The pay band ranges will be increased each April in line with the cost of living.

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