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What do I pay?

coinsAs a scheme member you pay a contribution towards your pension based upon your pensionable pay.  Your NHS Employer also pays a contribution.

Member Contribution rates range from 5.2% for the lowest earners to 14.7% for the highest earners.  The thresholds at which the rates change are linked to nationally agreed pay rates at set levels.

Pensionable pay (whole time equivalent) paid in 2014-15

Contribution rate 2015/16
  Up to £15,828 5.2%
  £15,829 to £21,601 5.8%
  £21,602 to £27,089 7.3%
  £27,090 to £49,967 9.5%
  £49,968 to £71,337 12.7%
  £71,338 to £111,376 13.7%
  Over £111,377 14.7%

Your employer contributes an amount equal to 14.9% of your pensionable pay.

 

 

 

Link to Scottish Government Website