Answer:
If the member has a mid-month salary increase, the contribution tier is still determined by what the member is paid in the pay period, as set out in the following example:
Example
Keith is a classroom teacher who works full-time and earns £42,500 per year. On 15 September 2019 Keith receives a pay increase to £44,000. To work out Keith’s monthly contribution for September you need to calculate the monthly pay Keith will earn in September:
15 days at £42,500 = £1,770.83 and 15 days at £46,000 = £1,916.67
Total £3,687.50
This produces an annual salary rate of £3,687.50 x 12 = £44,250.00. This means that Keith will pay a pension contribution for September equal to 9.6% of £3,687.50 i.e. £354.00
In October Keith will earn £3,666.67, which will give an annual salary rate of:
£3,833.33 x 12 = £46,000.00.
This means that Keith will pay a pension contribution equal to 10.2% of £3,833.33 i.e. £391.