PART 9Contributions
CHAPTER 2Members’ contributions
Members’ contributions185.
(1)
In each pay period for each eligible employment, an active member (P) must pay contributions (“members’ contributions”) on P’s pensionable earnings at a rate determined under this regulation (“members’ contributions rate”).
(2)
The members’ contributions rate for each eligible employment is the percentage of P’s annual rate of pensionable earnings, in accordance with the definition in regulation 3, in that employment determined by reference to the table.
Table
Annual rate of pensionable earnings | Members’ contributions rate |
---|---|
Up to £14,999 | 6.4% |
£15,000 to £25,999 | 7.2% |
£26,000 to £31,999 | 8.3% |
£32,000 to £39,999 | 9.5% |
£40,000 to £44,999 | 9.9% |
£45,000 to £74,999 | 11.0% |
£75,000 to £99,999 | 11.6% |
£100,000 and above | 12.4%. |