Employee contributions rates
Employee contributions as of 1 April 2012 are set out below. The bands are based on Full Time Equivalent (FTE) salaries. Band ranges increase each April in line with the rate of inflation at the previous September.
On the basis that the index to be used for benefits from April 2012 is the September 2011 CPI figure of 5.2%, the following pay ranges will apply to contribution rates from April 2012
Pensionable Pay (per annum) |
Contribution Rate |
|---|---|
£0 - £13,500 | 5.5% |
£13,501 - £15,800 | 5.8% |
£15,801 - £20,400 | 5.9% |
£20,401 - £34,000 | 6.5% |
£34,001 - £45,500 | 6.8% |
£45,501 - £85,300 | 7.2% |
More than £85,300 | 7.5% |
The current contributions payable until 31 March 2012 is shown in the table below:
| Pensionalbe Pay (per annum) | Contribution Rate |
|---|---|
£0 to £12,900 | 5.5% |
£12,901 to £15,100 | 5.8% |
£15,101 to £19,400 | 5.9% |
£19,401 to £32,400 | 6.5% |
£32,401 to £43,300 | 6.8% |
£43,301 to £81,100 | 7.2% |
More than £81,100 | 7.5% |
Please note for schools you need to do the following calculation to determine which band they fall into:
FTE salary x actual paid weeks / 52
Rates for pre-1988 Manual Workers
As of April 2011, these contribution rates are now the same as above
Implementation Advice
Please see the page Paying contributions and sending returns for advice on implementing and managing changes to employee contribution rates.
Wiltshire Pension Fund, Wiltshire Council - Bythesea Road,Trowbridge, Wiltshire, BA14 8JN.
© 2009 Wiltshire Pension Fund.