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.


Annualised rate of pensionable earnings

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%

Past contribution rates

Member contribution rates 01/04/23 – 31/03/24

From  To Contribution Rate
£0 £32,000 4.60%
£32,101 £56,000 5.45%
£56,001 £150,000 7.35%
£150,001 - 8.05%

Member contribution rates 01/04/21 – 31/03/23

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%

classic

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%

 

premium, classic plus and nuvos

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%
Published:
18 December 2021
Last updated:
17 July 2024