Contribution bands for members from 1 April 2018

We wanted to update you on the changes to the contributions bands. As the rate of the Consumer Price Index (CPI) rose by 3% in the year to September 2017, the salary bands for contribution rates for members will increase by 3% with effect from 1 April 2018.

Annual Salary Rate for the Eligible Employment from 1 April 2017
 Annual Salary Rate for the Eligible Employment from 1 April 2018 Member Contribution Rate
 Up to £26,259.99  Up to £27,047.99  7.4%
 £26,260 to £35,349.99  £27,048 to £36,410.99  8.6%
 £35,350 to £41,914.99  £36,411 to £43,171.99  9.6%
 £41,915 to £55,549.99  £43,172 to £57,216.99  10.2%
 £55,550 to £75,749.99  £57,217 to £78,022.99  11.3%
£75,750 and above  £78,023 and above   11.7%

The member and employer contribution rates will stay the same; it’s only the salary bands that are being changed. 

We’ll be updating all our resources and website to reflect the changes. Further information will be available on our website soon.

Last Updated: 29/01/2018 15:28