Contributions

As the rate of the Consumer Price Index (CPI) rose by 3.1% in the year to September 2021, the salary bands for contribution rates for members will increase by 3.1% (rounded to nearest £1) with effect from 1 April 2022.

Annual Salary Rate for the Eligible Employment from 1 April 2021 – 31 March 2022 Annual Salary Rate for the Eligible Employment from 1 April 2022 Member Contribution Rate
Up to £28,309.99 Up to 29,187.99 7.4%
£28,310 to £38,108.99 £29,188 to £39,290.99 8.6%
£38,109 to £45,185.99 £39,291 to £46,586.99 9.6%
£45,186 to £59,885.99 £46,587 to £61,742.99 10.2%
£59,886 to £81,661.99 £61,743 to £84,193.99 11.3%
£81,662 and above £84,194 and above 11.7%

Please make any necessary adjustments to your employee’s contributions from this point onwards.

We’ll be making the relevant changes to our website and resources in the coming weeks to reflect the new rates.

If you have any questions, please contact us.

Last Updated: 02/02/2022 13:41