Contribution Bandings
The 2023/2024 employee contribution rates within the MAIN and 50/50 Sections of the LGPS are detailed below. These should be applied for the period from 1 April 2023 to 31 March 2024.
|
Band |
Salary Range |
Contribution MAIN Section |
Contribution 50/50 Section |
|
1 |
£0 to £16,500 |
5.5% |
2.75% |
|
2 |
£16,501 to £25,900 |
5.8% |
2.9% |
|
3 |
£25,901 to £42,100 |
6.5% |
3.25% |
|
4 |
£42,101 to £53,300 |
6.8% |
3.4% |
|
5 |
£53,301 to £74,700 |
8.5% |
4.25% |
|
6 |
£74,701 to £105,900 |
9.9% |
4.95% |
|
7 |
£105,901 to £124,800 |
10.5% |
5.25% |
|
8 |
£124,801 to £187,200 |
11.4% |
5.7% |
|
9 |
£187,201 or more |
12.5% |
6.25% |
Members must be part of the MAIN section before they can elect to opt into the 50/50 section of the Scheme.
It is the responsibility of the Scheme employer to assess the appropriate rate for each of their employees and for each post that their employees may hold in a reasonable and consistent manner. The employer must also notify their scheme members of any revision to their employee contribution rate.
Please note: A member is re-enrolled back into the MAIN section of the Scheme from the beginning of the pay period following the automatic re-enrolment date chosen by the employer. For example if your re-enrolment date is 1 October 2022 the member would be re-enrolled back into the MAIN section from 1 November 2022.