What will my Contributions be?

The amount of contribution that you pay is determined by how much you earn as assessed by your employer. The salary bands will increase each year in line with inflation. The salary bandings for 2011/2012 are as follows:

Contribution Bandings from 1st April 2011 to 31st March 2012:

Band

Salary Range

Contribution Rate

1

£0 - £12,900

5.5%

2

Over £12,900 to £15,100

5.8%

3

Over £15,100 to £19,400

5.9%

4

Over £19,400 to £32,400

6.5%

5

Over £32,400 to £43,300

6.8%

6

Over £43,300 to £81,100

7.2%

7

Over £81,100

7.5%

If you work part-time, when determining which rate you should pay, your employer will have to consider the level of earnings that you would have received had you been an equivalent full-time employee.

If you are contracted to work term-time only, when determining which rate you should pay, your employer will have to consider the level of earnings that you would have received had you been employed on a full-time basis but only during term-time.

New Contribution Bandings from 1st April 2012 to 31st March 2013:

Band	Salary Range	Contribution Rate
1	£0 - £13,500	5.5%
2	Over £13,500 - £15,800	5.8%
3	Over £15,800 - £20,400	5.9%
4	Over £20,400 - £34,000	6.5%
5	Over £34,000 - £45,500	6.8%
6	Over £45,500 -£85,300	7.2%
7	Over £85,300	7.5%