Changes to contribution bands

We wanted to update you on the changes to the contributions bands. As the rate of the Consumer Price Index (CPI) rose by 3% in the year to September 2017, the salary bands for contribution rates for members will increase by 3% with effect from 1 April 2018.

The member and employer contribution rates will stay the same; it’s only the salary bands that are changing.

Annual Salary Rate for the Eligible Employment from
1 April 2017
Annual Salary Rate for the Eligible Employment from 1 April 2018  Member Contribution Rate 
 Up to £26,259.99  Up to £27,047.99  7.4%
 £26,260 to £35,349.99  £27,048 to £36,410.99  8.6%
 £35,350 to £41,914.99  £36,411 to £43,171.99  9.6%
 £41,915 to £55,549.99  £43,172 to £57,216.99  10.2%
 £55,550 to £75,749.99  £57,217 to £78,022.99  11.3%
 £75,750 and above  £78,023 and above  11.7%
Last Updated: 02/02/2018 13:53