Both you and your employer pay contributions to pay for your LGPS pension. How much you pay depends on how much you earn. You will pay between 5.5% and 12.5% of your pensionable pay.
Every April your employer will decide your contribution rate. If you have more than one job, your employer will set your contribution rate separately for each job. The table below shows the pay bands and contribution rates that apply from April 2024.
| If your actual pensionable pay is: | You pay a contribution rate of: |
|---|---|
| Up to £17,600 | 5.5% |
| £17,601 to £27,600 | 5.8% |
| £27,601 to £44,900 | 6.5% |
| £44,901 to £56,800 | 6.8% |
| £56,801 to £79,700 | 8.5% |
| £79,701 to £112,900 | 9.9% |
| £112,901 to £133,100 | 10.5% |
| £133,101 to £199,700 | 11.4% |
| £199,701 or more | 12.5% |