Thinking of joining the LGPS?
The Contributions cost to you is less than you think because:
Your employer pays around double the amount you pay.
You pay less if you pay Income Tax and National Insurance
You will contribute according to your whole-time pay rate:
|
If your whole-time pay rate is: |
You pay a contribution rate of: |
|
Up to £12,000 |
5.5% |
|
More than £12,000 and up to £14,000 |
5.8% |
|
More than £14,000 and up to £18,000 |
5.9% |
|
More than £18,000 and up to £30,000 |
6.5% |
|
More than £30,000 and up to £40,000 |
6.8% |
|
More than £40,000 and up to £75,000 |
7.2% |
|
More than £75,000 |
7.5% |
The pay band ranges will be increased each April in line with the cost of living.
Am I eligible to join the Scheme?