The amount you pay into our scheme is determined by your annual pensionable earnings.
Whether you work full-time or part-time, your contribution rate is based on your actual annual pay (including allowances, additional hours and overtime), not your full-time equivalent pay.
If you elect to join the 50/50 section of the scheme you pay half of the main section contribution rate.
The following pay band table will help you identify your contribution rate:
2024/2025 employee contribution rates
| Pay bands | Contribution rate main section | Contribution rate 50/50 section |
|---|
| Up to £17,600 |
5.5% |
2.75% |
| £17,601 to £27,600 |
5.8% |
2.9% |
| £27,601 to £44,900 |
6.5% |
3.25% |
| £44,901 to £56,800 |
6.8% |
3.4% |
| £56,801 to £79,700 |
8.5% |
4.25% |
| £79,701 to £112,900 |
9.9% |
4.95% |
| £112,901 to £133,100 |
10.5% |
5.25% |
| £133,101 to £199,700 |
11.4% |
5.7% |
| £199,701 or more |
12.5% |
6.25% |
As a tax payer you receive tax relief on your pension contributions, as the money is deducted directly from your pay before your tax is worked out.
If you have more than one job they’re treated separately when working out your pay band. That means you could be paying different contribution rates for each job depending on how much you earn in each year.
Contributions and your employer
Your employer will review your contribution rate on 1 April each year, but may also do so at other times during the year.
To find out how often your employer reviews your contribution rate, or for any other queries about the rate you're paying, please contact your employer's payroll department directly.
Video: Looking after your pension
This video explains tax relief, our 50/50 scheme, how to increase your pension using additional contributions and annual allowance. For subtitles select ‘CC’ (closed captions).