Contribution rates
What do I pay?
Your contribution rate depends on how much you are paid, but it will be between 5.5% and 11.2% of your pensionable pay. The rate you pay depends on your pay.
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.
Tiered contribution rates from the below table (Table 1) are used to determine the member’s average contribution rate for the whole of the scheme year. Table 2 is in effect a “lookup table” which breaks down the contribution rates from Table 1 into steps of 0.1% and allocates pay ranges to these steps to simplify the process of allocating contribution rates to members for payroll purposes. These tables are updated annually.
|
Pensionable Pay (2021/2022) |
Rate (%) |
|
On earnings up to and including £22,300 |
5.5% |
|
On earnings above £22,301 and up to £27,300 |
7.25% |
|
On earnings above £27,301 and up to £37,400 |
8.5% |
|
On earnings above £37,401 and up to £49,900 |
9.5% |
|
On earnings of £49,901 and above |
12% |
*The pay ranges will be increased each April in line with the cost of living.
|
Contribution rate |
Actual Pay Min |
Actual Pay Max |
Contribution rate |
Actual Pay Min |
Actual Pay Max |
|
5.50% |
Up to |
22,955 |
8.40% |
64,466 |
66,281 |
|
5.60% |
22,956 |
24,390 |
8.50% |
66,282 |
68,202 |
|
5.70% |
24,391 |
26,016 |
8.60% |
68,203 |
70,238 |
|
5.80% |
26,017 |
27,603 |
8.70% |
70,239 |
72,400 |
|
5.90% |
27,604 |
28,686 |
8.80% |
72,401 |
74,698 |
|
6.00% |
28,687 |
29,857 |
8.90% |
74,699 |
77,147 |
|
6.10% |
29,858 |
31,127 |
9.00% |
77,148 |
79,762 |
|
6.20% |
31,128 |
32,511 |
9.10% |
79,763 |
82,561 |
|
6.30% |
32,512 |
34,023 |
9.20% |
82,562 |
85,563 |
|
6.40% |
34,024 |
35,682 |
9.30% |
85,564 |
88,792 |
|
6.50% |
35,683 |
37,474 |
9.40% |
88,793 |
92,274 |
|
6.60% |
37,475 |
38,789 |
9.50% |
92,275 |
96,040 |
|
6.70% |
38,790 |
40,200 |
9.60% |
96,041 |
100,127 |
|
6.80% |
40,201 |
41,716 |
9.70% |
100,128 |
104,577 |
|
6.90% |
41,717 |
43,352 |
9.80% |
104,578 |
109,441 |
|
7.00% |
43,353 |
45,122 |
9.90% |
109,442 |
114,780 |
|
7.10% |
45,123 |
47,042 |
10.00% |
114,781 |
120,666 |
|
7.20% |
47,043 |
49,133 |
10.10% |
120,667 |
127,189 |
|
7.30% |
49,134 |
50,602 |
10.20% |
127,190 |
134,457 |
|
7.40% |
50,603 |
51,714 |
10.30% |
134,458 |
142,606 |
|
7.50% |
51,715 |
52,876 |
10.40% |
142,607 |
151,806 |
|
7.60% |
52,877 |
54,091 |
10.50% |
151,807 |
162,275 |
|
7.70% |
54,092 |
55,364 |
10.60% |
162,276 |
174,296 |
|
7.80% |
55,365 |
56,698 |
10.70% |
174,297 |
188,240 |
|
7.90% |
56,699 |
58,098 |
10.80% |
188,241 |
204,608 |
|
8.00% |
58,099 |
59,569 |
10.90% |
204,609 |
224,095 |
|
8.10% |
59,570 |
61,116 |
11.00% |
224,096 |
247,684 |
|
8.20% |
61,117 |
62,746 |
11.10% |
247,685 |
276,823 |
|
8.30% |
62,747 |
64,465 |
11.20% |
276,824 |
and above* |