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Contribution bands increase

Contribution bands increase

As the rate of the Consumer Price Index (CPI) rose by 10.1% in the year to September 2022, the salary bands for contribution rates for members will increase by 10.1% (rounded to nearest £1) with effect from 1 April 2023.

The rates as of 1 April 2023 will be:

Annual Salary Rate for the Eligible Employment from 1 April 2022 – 31 March 2023 Annual Salary Rate for the Eligible Employment from 1 April 2023  Member Contribution Rate
Up to 29,187.99 Up to £32,135.99 7.4%
£29,188 to £39,290.99 £32,136.00 to £43,259.99 8.6%
£39,291 to £46,586.99 £43,260.00 to £51,292.99 9.6%
£46,587 to £61,742.99 £51,293.00 to £67,979.99 10.2%
£61,743 to £84,193.99 £67,980.00 to £92,697.99 11.3%
£84,194 and above £92,698.00 and above 11.7%

 

Last Updated: 01/11/2026 11:22

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