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New contribution bands 2024

The table below shows the pay bands and contribution rates that apply from April 2024.

Contribution Table 2024/2025 

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%

To work out how much your pension contribution will be per month, LGPS have provided an online contributions calculator.

Published: 14th March 2024