Amendments to regulation C2 (Ordinary Contributions)
3.—(1) Regulation C2 is amended as provided by paragraphs (2) and (3).
(2) Omit paragraph (1).
(3) For paragraph (2) substitute—
“(2) (a) A person who is in pensionable employment is to pay contributions of—
(i)before 1st April 2012, 6.4% of his contributable salary;
(ii)from 1st April 2012 to 31st March 2013 (both dates inclusive), for each month during which he is in pensionable employment, the percentage rate set out in table A which is applicable to his contributable salary rate for that month or, if part-time, the full-time equivalent contributable salary rate;
(iii)from 1st April 2013 to 31st March 2014 (both dates inclusive), for each month during which he is in pensionable employment, the percentage rate set out in table B which is applicable to his contributable salary rate for that month or, if part-time, the full-time equivalent contributable salary rate;
(iv)on or after 1st April 2014 to 31st March 2015 (both dates inclusive), for each month during which he is in pensionable employment, the percentage rate set out in table C which is applicable to his contributable salary rate for that month or, if part-time, the full-time equivalent contributable salary rate; and
(v)(aa)on or after 1
(bb)The percentage rate of employees’ contributions for a pensionable employment is the rate in Column 2 of table D which corresponds to the band which includes the salary for that employment in Column 1.
(cc)The salary bands in Column 1 are increased for each financial year, if there is a relevant increase in the consumer prices index for that financial year, by the appropriate percentage for the financial year, rounded up to the nearest £1.
(dd)There is a relevant increase in the consumer prices index for a financial year if the consumer prices index for the month of September before that financial year is higher than that for the previous September.
(ee)The appropriate percentage for the tax year is the same percentage as the percentage increase in the consumer prices index.
(ff)In this regulation, “consumer prices index” means the all items consumer prices index published by the Statistics Board, a body corporate established by section 1 of the Statistics and Registration Service Act 2007(1).
Table A
| Full-time equivalent contributable salary band (£) | Contribution Rate |
|---|---|
| Below 15,000 | 6.4% |
| 15,000 to 25,999 | 7.0% |
| 26,000 to 31,999 | 7.3% |
| 32,000 to 39,999 | 7.6% |
| 40,000 to 74,999 | 8.0% |
| 75,000 to 111,999 | 8.4% |
| 112,000 and above | 8.8% |
Table B
| Full-time equivalent contributable salary band (£) | Contribution Rate |
|---|---|
| Below 15,000 | 6.4% |
| 15,000 to 25,999 | 7.0% |
| 26,000 to 31,999 | 7.9% |
| 32,000 to 39,999 | 8.8% |
| 40,000 to 44,999 | 9.2% |
| 45,000 to 74,999 | 10.1% |
| 75,000 to 99,999 | 10.6% |
| 100,000 and above | 11.2% |
Table C
| Full-time equivalent contributable salary band (£) | Contribution Rate |
|---|---|
| Below 15,000 | 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% |
| 75,000 to 99,999 | 11.6% |
| 100,000 and above | 12.4% |
Table D
Column 1 Salary for the pensionable employment from 1 April 2015 | Column 2 Employees’ contribution rate |
|---|---|
| £0 to £25,999 | 7.4% |
| £26,000 to £34,999 | 8.6% |
| £35,000 to £41,499 | 9.6% |
| £41,500 to £54,999 | 10.2% |
| £55,000 to £74,999 | 11.3% |
| ≥ £75,000 | 11.7%.” |