Contribution bands increase

As the rate of the Consumer Price Index (CPI) rose by 1.7% in the year to September 2019, the salary bands for member contribution rates for will increase accordingly with effect from 1 April 2020. 

The rates as of 1 April 2020 will be: 

Annual Salary Rate for the Eligible Employment from 1 April 2019

Annual Salary Rate for the Eligible Employment from 1 April 2020 

Member Contribution Rate 

 Up to £27,697.99

Up to £28,168.99

 7.4%

£27,698 to £37,284.99

£28,169 to £37,918.99

 8.6%

£37,285 to £44,208.99

£37,919 to £44,960.99

 9.6%

£44,209 to £58,590.99

£44,961 to £59,587.99

 10.2%

£58,591 to £79,895.99

£59,588 to £81,254.99

 11.3%

£79,896 and above

£81,255 and above

 11.7%

Last Updated: 09/03/2020 10:04