Contribution rates
How much you and your employer will pay towards your pension
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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.
There are no changes to the Partnership pension employer rates at this time and the mini-ASLC will remain at 0.5%. A review of Partnership rates will be undertaken and a further EPN will be issued should changes be appropriate.
Member pension contribution rates for 2025/2026
The figures in brackets show the 2024/25 salary thresholds where a threshold has changed.
|
Annualised rate of pensionable earnings |
Member/ Employee contribution rate |
|
|
From |
To |
|
|
£0 |
£34,799 (£34,199) |
4.60% |
|
£34,800 (£34,200) |
£56,000 |
5.45% |
|
£56,001 |
£150,000 |
7.35% |
|
£150,001 |
- |
8.05% |
|
Band |
Revised |
|
Band 1 (£23,000 and under) |
28.97% |
|
Band 2 (£23,001 to £45,500) |
28.97% |
|
Band 3 (£45,501 to £77,000) |
28.97% |
|
Band 4 (£77,001+) |
28.97% |
|
Mini-ASLCs for partnership are 0.5%, regardless of salary band. |
|
New employer contribution rates will apply from 1 April 2024 - please see EPN698 for more information.
|
|
Member/Employee contribution rate - |
|
|
From |
To |
|
|
£0 |
£34,199 (£32,000) |
4.60% |
|
£34,200 (£32,001) |
£56,000 |
5.45% |
|
£56,001 |
£150,000 |
7.35% |
|
£150,001 |
- |
8.05% |
| From | To | Contribution Rate |
| £0 | £32,000 | 4.60% |
| £32,001 | £56,000 | 5.45% |
| £56,001 | £150,000 | 7.35% |
| £150,001 | - | 8.05% |
|
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 | 1.5% |
| £21,001-£30,000 | 1.5% |
| £30,001-£50,000 | 1.5% |
| £50,001-£60,000 | 1.5% |
| £60,001 and over | 1.5% |
premium, classic plus and nuvos
| Salary Band | Total Contribution Rate |
| Up to £15,000 | 3.5% |
| £15,001 - £21,000 | 3.5% |
| £21,001-£30,000 | 3.5% |
| £30,001-£50,000 | 3.5% |
| £50,001-£60,000 | 3.5% |
| £60,001 and over | 3.5% |