The following contributions rates apply for members of the classic, classic plus, premium, nuvos and alpha pension schemes.
There are no changes to the partnership pension employer rates at this time and the mini-ASLC will remain at 0.5%.
The figures in brackets show the 2024/25 salary thresholds where a threshold has changed.
| Annual Pensionable earnings | Member contribution rate |
|---|---|
| £0 - £36,199 (£34,799) | 4.6% |
| £36,200 (£34,800) - £56,000 | 5.45% |
| £56,001 - £150,000 | 7.35% |
| £150,001+ | 8.05% |
The figures in brackets show the 2024/25 salary thresholds where a threshold has changed.
| Annual Pensionable earnings | Member contribution rate |
|---|---|
| £0 - £34,799 (£34,199) | 4.6% |
| £34,800 (£34,200) - £56,000 | 5.45% |
| £56,001 - £150,000 | 7.35% |
| £150,001+ | 8.05% |
The figures in brackets show the 2024/25 salary thresholds where a threshold has changed.
| Band | Amount | Revised |
|---|---|---|
| 1 | £23,000 and under | 28.97% |
| 2 | £23,001 - £45,500 | 28.97% |
| 3 | £45,501 - £77,000 | 28.97% |
| 4 | £77,001+ | 28.97% |
Mini-ASLCs for partnership are 0.5%, regardless of salary band.
If you’re looking for further information on Employer Contributions, please visit our dedicated employer page.
| Annual Pensionable earnings | Member contribution rate |
|---|---|
| £0 - £34,199 | 4.6% |
| £34,200 - £56,000 | 5.45% |
| £56,001 - £150,000 | 7.35% |
| £150,001+ | 8.05% |
| Annual Pensionable earnings | Member contribution rate |
|---|---|
| £0 - £32,000 | 4.6% |
| £32,001- £56,000 | 5.45% |
| £56,001 - £150,000 | 7.35% |
| £150,001+ | 8.05% |
| Annual Pensionable earnings | Member contribution rate |
|---|---|
| £0 - £23,100 | 4.6% |
| £23,101- £56,000 | 5.45% |
| £56,001 - £150,000 | 7.35% |
| £150,001+ | 8.05% |
We’ve collated past contribution rates pre 2021 in a PDF format and linked below for you to reference back to if needed.