What do I pay?

The amount you pay is based on your annual pensionable earnings. 

You can work out your own contribution rate from the table on this page. If you work part-time the pay band you should look for is the one which includes your actual annual pay (including allowances, additional hours and overtime), not the full-time equivalent pay.


Employee pension contribution rates 2017/2018.
Pay BandsContribution rate
up to £13,7005.5%
£13,701 to £21,4005.8%
£21,401 to £34,7006.5%
£34,701 to £43,9006.8%
£43,901 to £61,3008.5%
£61,301 to £86,8009.9%
£86,801 to £102,20010.5%
£102,201 to £153,30011.4%
More than £153,30112.5%
  • If you're a tax payer, you'll receive tax relief on your pension contributions, as your contributions are deducted from your gross pay before you pay tax.

  • If you have more than one job, each one is treated separately when working out which pay band you're in

  • If you want to query your pay band you must contact your employer's payroll department directly.

  • Your employer pays towards your pension too

  • If you want to query your pay band you must contact your employer's payroll department directly.

50/50 Option

Once you're a member of the LGPS, you can join the 50/50 section. It means that you would pay half contributions and build up half pension benefits for the period you are in the 50/50 Section.

Example

Gemma's annual pensionable pay is £12,000 per year. 

If she stays in the main section of the LGPS she will pay 5.5% of her pay each month into her pension. That is about £55 per month. For each year Gemma's annual pension would build by about £245 (i.e. 1/49th of pensionable pay)

If she joins 50/50 she will pay 2.75% of her pay each month instead. That would be about £27.50 per month. For each year in the 50/50 section, Gemma's annual pension would build up by about £122. (i.e. 1/98th of pensionable pay)

The lump sum death grant or life assurance cover (three times your annual pensionable pay) if you die in service is not affected if you are in the 50/50 section.

How long can you remain in the 50/50 section?

The 50/50 section is designed to be a short-term option for when scheme members are having a difficult time financially.

So your employer must re-enrol you back into the main section every three years. Your employer will tell you when this is happening. If you then want to continue in the 50/50 section you can elect to do so again.

You can choose to revert to the main scheme at any time by completing the attached Pension Option Form and returning it to your employer.

Related documents

The following document is in Portable Document Format (PDF). You can download software to view PDF documents for free from the Adobe website (opens in a new window)