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 (2020/2021)

Rate (%)

On earnings up to and including £22,200

5.5%

On earnings above £22,201 and up to £27,100

7.25%

On earnings above £27,101 and up to £37,200

8.5%

On earnings above £37,201 and up to £49,600

9.5%

On earnings of £49,601 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

22,852

8.40%

64,090

65,894

5.60%

22,853

24,281

8.50%

65,895

67,804

5.70%

24,282

25,900

8.60%

67,805

69,828

5.80%

25,901

27,443

8.70%

69,829

71,976

5.90%

27,444

28,519

8.80%

71,977

74,261

6.00%

28,520

29,683

8.90%

74,262

76,696

6.10%

29,684

30,946

9.00%

76,697

79,296

6.20%

30,947

32,322

9.10%

79,297

82,078

6.30%

32,323

33,825

9.20%

82,079

85,063

6.40%

33,826

35,475

9.30%

85,064

88,273

6.50%

35,476

37,262

9.40%

88,274

91,735

6.60%

37,263

38,570

9.50%

91,736

95,479

6.70%

38,571

39,972

9.60%

95,480

99,542

6.80%

39,973

41,481

9.70%

99,543

103,966

6.90%

41,482

43,107

9.80%

103,967

108,802

7.00%

43,108

44,867

9.90%

108,803

114,109

7.10%

44,868

46,776

10.00%

114,110

119,961

7.20%

46,777

48,855

10.10%

119,962

126,445

7.30%

48,856

50,306

10.20%

126,446

133,671

7.40%

50,307

51,412

10.30%

133,672

141,772

7.50%

51,413

52,567

10.40%

141,773

150,919

7.60%

52,568

53,775

10.50%

150,920

161,327

7.70%

53,776

55,041

10.60%

161,328

173,277

7.80%

55,042

56,367

10.70%

173,278

187,140

7.90%

56,368

57,759

10.80%

187,141

203,413

8.00%

57,760

59,221

10.90%

203,414

222,785

8.10%

59,222

60,759

11.00%

222,786

246,236

8.20%

60,760

62,380

11.10%

246,237

275,205

8.30%

62,381

64,089

11.20%

275,206

and above*