The 2023/2024 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 2023.
|
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% |
Published