Employee Contribution Bandings
Contribution rates are currently between 11% and 15.05% of your pay.
The rate you pay depends on which scheme you are in and the pay band you fall into.
1987 & 2006 Schemes
Basic annual Salary | 1987 Scheme | 2006 Scheme |
£27,000 or less | 14.25% | 11.00% |
More than £27,000 but less than £60,000 | 14.25% | 12.05% |
£60,000 or more | 15.05% | 12.75% |
Please note that:
- Members who are ineligible for ill health benefits have a reduced contribution rate.
- The full time equivalent basic annual salary is used in respect of a part-time officer for the purpose of the first column of the table.
2015 Scheme
Pensionable Earnings | Contribution Rate |
£27,000 or less | 12.44% |
More than £27,000 but less than £60,000 | 13.44% |
£60,000 or more | 13.78% |
Please note that:
- Members who are ineligible for ill health benefits have a reduced contribution rate.
- The amount of pensionable earnings of a part-time officer for the purpose of the first column of the table must be the whole time equivalent amount.
***Note that this information was correct at the time of issue but may have been updated or superseded. If in doubt please contact the Pensions Helpdesk.***
Tax relief
Contributions are deducted from your salary before you pay tax. So, if you pay tax at the rate of 20%, every £1 that you contribute to the scheme only costs you 80p net.