Contribution rates

What do I pay?

Your contribution rate depends on how much you are paid, but it will be between 5.5% and 12.0% of your pensionable pay. The rate you pay depends on which pay band you fall into.

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.

These are the pay bands that apply from April 2019:

Pay band If your yearly pay is: You pay a contribution rate of:
1 Up to £21,800 5.5%
2 On earnings above £21,801 and up to £26,700 7.25%
3 On earnings above £26,701 and up to £36,600 8.5%
4 On earnings above £36,601 and up to £48,800 9.5%
5 On earnings above £48,801 12.0%

*The pay band 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

5.5

Up to

22,441

8.4

63,048

64,823

5.6

22,442

23,843

8.5

64,824

66,702

5.7

23,844

25,433

8.6

66,703

68,694

5.8

25,434

26,990

8.7

68,695

70,807

5.9

26,991

28,049

8.8

70,808

73,055

6.0

28,050

29,193

8.9

73,056

75,450

6.1

29,194

30,436

9.0

75,451

78,008

6.2

30,437

31,788

9.1

78,009

80,745

6.3

31,789

33,267

9.2

80,746

83,681

6.4

33,268

34,890

9.3

83,682

86,839

6.5

34,891

36,652

9.4

86,840

90,245

6.6

36,653

37,938

9.5

90,246

93,928

6.7

37,939

39,318

9.6

93,929

97,925

6.8

39,319

40,801

9.7

97,926

102,277

6.9

40,802

42,401

9.8

102,278

107,034

7.0

42,402

44,132

9.9

107,035

112,256

7.1

44,133

46,010

10.0

112,257

118,012

7.2

46,011

48,055

10.1

118,013

124,391

7.3

48,056

49,489

10.2

124,392

131,500

7.4

49,490

50,576

10.3

131,501

139,469

7.5

50,577

51,713

10.4

139,470

148,462

7.6

51,714

52,902

10.5

148,468

158,706

7.7

52,903

54,147

10.6

158,707

170,462

7.8

54,148

55,451

10.7

170,463

184,100

7.9

55,452

56,820

10.8

184,101

200,108

8.0

56,821

58,259

10.9

200,109

219,166

8.1

58,260

59,772

11.0

219,167

242,236

8.2

59,773

61,366

11.1

242,237

270,735

8.3

61,367

63,047

11.2

270,736

and above