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Document How much do I / my employer pay in contributions?

As a Scheme member you pay a contribution towards your pension based upon your pensionable pay; the more you earn, the higher your contribution rate may be.

If you work part time your percentage contribution rate is based on your whole time equivalent pay, however you will only pay pension on the actual pay you receive.

In addition to your contribution, your employer pays in a further 14.38% into the scheme (which includes a 0.08% administration charge).

From 1 April 2019 the underlying employer contribution rate for employers changed to 20.68% including the 0.08% administration charge. However, in year 2019/2020 all employers will continue to only pay 14.38% employer contributions with HM Treasury making up the balance. Arrangements for 2020/21 will be confirmed in due course.

For details of current and past contribution tiers as well as employer guidance on how to establish which contribution tier you should collect from a member please see our website.

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contributions, percentage, contribution rates
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