What do I pay?
As 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%|
Your employer contributes an amount equal to 14.9% of your pensionable pay.