Contribution rates
How much you and your employer will pay towards your pension
How much you and your employer will pay towards your pension
The following contributions rates apply for members of the classic, classic plus, premium, nuvos and alpha pension schemes. partnership has separate contribution rates.
| From | To | Contribution Rate |
| £0 | £23,100 | 4.60% |
| £23,101 | £56,000 | 5.45% |
| £56,001 | £150,000 | 7.35% |
| £150,001 | - | 8.05% |
| From | To | Contribution Rate |
| £0 | £23,000 | 26.6% |
| £23,001 | £45,500 | 27.1% |
| £45,501 | £77,000 | 27.9% |
| £77,001 | - | 30.3% |
| Mini-ASLC (Death in Service Cover for Partnership members) |
0.5% |
|
Annualised rate of pensionable earnings (£) |
Member contribution rate |
|
|
From |
To |
|
|
£0 |
£23,100 |
4.60% |
|
£23,101 |
£56,00 |
5.45% |
|
£56,001 |
£150,000 |
7.35% |
|
£150,001 |
- |
8.05% |
|
Annualised rate of pensionable earnings (£) |
Member contribution rate |
|
|
From |
To |
|
|
£0 |
£22,600 |
4.60% |
|
£22,601 |
£54,900 |
5.45% |
|
£54,901 |
£150,000 |
7.35% |
|
£150,001 |
- |
8.05% |
|
Annualised rate of pensionable earnings |
Member contribution rate |
|
£0 to £21,636 |
4.60% |
|
£21,637 to £51,515 |
5.45% |
|
£51,516 to £150,000 |
7.35% |
|
£150,001 and above |
8.05% |
| Annualised pensionable earnings |
Contribution rate for classic members, or alpha members who were in classic immediately before 1 April 2015 |
Contribution rate for all other members |
| Up to £15,000 | 4.60% | 4.60% |
| £15,001 - £21,000 | 4.60% | 4.60% |
| £21,001-£47,000 | 5.45% | 5.45% |
| £47,001-£150,000 | 7.35% | 7.35% |
| £150,001 and over | 8.05% | 8.05% |
| Annualised pensionable earnings |
Contribution rate for classic members, or alpha members who were in classic immediately before 1 April 2015 |
Contribution rate for all other members |
| Up to £15,000 | 4.60% | 4.60% |
| £15,001 - £21,000 | 4.60% | 4.60% |
| £21,001-£47,000 | 5.45% | 5.45% |
| £47,001-£150,000 | 7.35% | 7.35% |
| £150,001 and over | 8.05% | 8.05% |
| Annualised pensionable earnings |
Contribution rate for classic members, or alpha members who were in classic immediately before 1 April 2015 |
Contribution rate for all other members |
| Up to £15,000 | 3.80% | 4.60% |
| £15,001 - £21,000 | 4.60% | 4.60% |
| £21,001-£47,000 | 5.45% | 5.45% |
| £47,001-£150,000 | 7.35% | 7.35% |
| £150,001 and over | 8.05% | 8.05% |
| Annualised pensionable earnings |
Contribution rate for classic members, or alpha members who were in classic immediately before 1 April 2015 |
Contribution rate for all other members |
| Up to £15,000 | 3.00% | 4.60% |
| £15,001 - £21,000 | 4.60% | 4.60% |
| £21,001-£47,000 | 5.45% | 5.45% |
| £47,001-£150,000 | 7.35% | 7.35% |
| £150,001 and over | 8.05% | 8.05% |
| Annual pensionable earnings (on a full time equivalent basis) |
Current classic contribution rate, before tax relief |
contribution rate 2014-15, before tax relief |
| Up to £15,000 | 1.5% | 1.5% |
| £15,001 - £21,000 | 2.7% | 3.0% |
| £21,001-£30,000 | 3.88% | 4.48% |
| £30,001-£50,000 | 4.67% | 5.27% |
| £50,001-£60,000 | 5.46% | 6.06% |
| £60,001 and over | 6.25% | 6.85% |
| Annual pensionable earnings (on a full time equivalent basis) |
Current classic contribution rate, before tax relief |
contribution rate 2014-15, before tax relief |
| Up to £15,000 | 3.5% | 3.5% |
| £15,001 - £21,000 | 4.7% | 5.0% |
| £21,001-£30,000 | 5.88% | 6.48% |
| £30,001-£50,000 | 6.67% | 7.27% |
| £50,001-£60,000 | 7.46% | 8.06% |
| £60,001 and over | 8.25% | 8.85% |
classic
| Salary Band | Total Contribution Rate |
| Up to £15,000 | 1.5% |
| £15,001 - £21,000 | 2.70% |
| £21,001-£30,000 | 3.88% |
| £30,001-£50,000 | 4.67% |
| £50,001-£60,000 | 5.46% |
| £60,001 and over | 6.24% |
premium, classic plus and nuvos
| Salary Band | Total Contribution Rate |
| Up to £15,000 | 3.5% |
| £15,001 - £21,000 | 4.70% |
| £21,001-£30,000 | 5.88% |
| £30,001-£50,000 | 6.67% |
| £50,001-£60,000 | 7.46% |
| £60,001 and over | 8.25% |
classic
| Salary Band | Total Contribution Rate |
| Up to £15,000 | 1.5% |
| £15,001 - £21,000 | 2.1% |
| £21,001-£30,000 | 2.7% |
| £30,001-£50,000 | 3.1% |
| £50,001-£60,000 | 3.5% |
| £60,001 and over | 3.9% |
premium, classic plus and nuvos
| Salary Band | Total Contribution Rate |
| Up to £15,000 | 3.5% |
| £15,001 - £21,000 | 4.1% |
| £21,001-£30,000 | 4.7% |
| £30,001-£50,000 | 5.1% |
| £50,001-£60,000 | 5.5% |
| £60,001 and over | 5.9% |
classic
| Salary Band | Total Contribution Rate |
| Up to £15,000 | 1.5% |
| £15,001 - £21,000 | 2.1% |
| £21,001-£30,000 | 2.7% |
| £30,001-£50,000 | 3.1% |
| £50,001-£60,000 | 3.5% |
| £60,001 and over | 3.9% |
premium, classic plus and nuvos
| Salary Band | Total Contribution Rate |
| Up to £15,000 | 3.5% |
| £15,001 - £21,000 | 4.1% |
| £21,001-£30,000 | 4.7% |
| £30,001-£50,000 | 5.1% |
| £50,001-£60,000 | 5.5% |
| £60,001 and over | 5.9% |