Contribution schedule
Section A and B members
Your contributions are calculated as a percentage of your Pensionable Pay for the year ending on the previous 31st March: The current contribution rates are:
- 5% of your Pensionable Pay, if your Pensionable Pay is less than £15,431.99 per annum
- 5.6% of your Pensionable Pay, if your Pensionable Pay is equal to or more than £15,432.00 per annum but less than £21,477.99 per annum,
- 7.1% of your Pensionable Pay, if your Pensionable Pay is equal to or more than £21,478.00 per annum but less than £26,823.99 per annum,
- 9.3% of your Pensionable Pay, if your Pensionable Pay is equal to or more than £26,824.00 per annum but less than £47,845.99 per annum,
- 12.5% of your Pensionable Pay, if your Pensionable Pay is equal to or more than £47,846.00 per annum but less than £70,630.99 per annum,
- 13.5% of your Pensionable Pay, if your Pensionable Pay is equal to or more than £70,631.00 per annum but less than £111,376.99 per annum,
- 14.5% of your Pensionable Pay, if your Pensionable Pay is equal to or more than £111,377.00 per annum.
The Pensionable Pay bands above (but not the contribution rates within each band) will be increased in future on such basis as is consistent with increases in pay thresholds under the NHS Pension Scheme.
Contributions will continue for as long as you are an active member of the Scheme.
If you are a part-time employee, your full-time equivalent Pensionable Pay is used for calculating your contributions.
How much does my employer pay?
Your employer will contribute whatever is necessary to ensure that the Scheme has sufficient money available to pay the agreed lump sums and pension income to each member, as and when they become due, for as long as necessary.
When can I retire?
Normal retirement age for Section A members is 60 years old and 65 for Section B members.