Employee contribution rates for 2024/2025

The 2024/2025 employee contribution bandings within the MAIN and 50/50 Sections of the LGPS have been confirmed and are detailed below. Your monthly pension contribution will be assessed by your employer based on the table below and applied from 1 April 2024.

 

Band Annual Salary Range Contribution Rate
MAIN Section
Contribution Rate
50/50 Section
1 Up to £17,600 5.5% 2.75%
2 £17,601 to £27,600 5.8%     2.9%
3 £27,601 to £44,900         6.5% 3.25%
4 £44,901 to £56,800         6.8% 3.4%
5 £56,801 to £79,700         8.5% 4.25%
6 £79,701 to £112,900         9.9% 4.95%
7 £112,901 to £133,100 10.5% 5.25%
8 £133,101 to £199,700 11.4% 5.7
9 £199,701 or more         12.5% 6.25%

 

For more information on contribution rates please visit our 'Active Members' section

 

 

Published