Your contribution rate depends on how much you are paid and will be between 5.5% and 10.5% of the pensionable allowances you receive. The only allowances that are pensionable are the Basic Allowance and Special Responsibility Allowance.
The rates below apply from 1 April 2022 and the pay ranges are increased in line with the cost of living every April.
|Pensionable Pay||Contribution Rate|
|£0 to £15,400||5.5%|
|£15,401 to £23,700||5.8%|
|£23,701 to £39,500||6.5%|
|£39,501 to £48,000||6.8%|
|£48,001 to £95,100||8.5%|
|More than £95,100||10.5%|
As a member of the Scheme, you will receive tax relief on your contributions.
Alice is paid £11,000 a year.
She will pay 5.5% of her pay, making her monthly contribution approximately £50.
How much does the Council contribute?
The Council pays the balance of the cost of providing your benefits in the Scheme – this is normally a percentage of your pensionable pay. Every three years an independent review is undertaken to calculate how much each Council should contribute. The majority of Councils contribute a percentage contribution rate. The percentage contribution rates for the next three years are:
|Year||Council Contribution Rate|