Please see below for the current rates of member contributions.
If you are ineligible for ill-health benefits you will pay contributions at a reduced rate (see Your pension scheme and Compulsory ill-health retirement and early payment of deferred pension on ill-health grounds).
|Tier||Members||Members ineligible for ill-health retirement benefits|
|Tier 1 (full-time pensionable earnings at and below £27,000 per year)||12.44%||9.94%|
|Tier 2 (full-time pensionable earnings above £27,000 but below £60,000 per year)||13.44%||10.94%|
|Tier 3 (full-time pensionable earnings at and above £60,000 per year)||13.78%||11.28%|
Contributions are deducted from pay before it is assessed for income tax, so you will automatically receive full income tax relief at the applicable rate.