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124.—(1) An active member of this scheme must pay contributions to this scheme (“member contributions”) on the member’s pensionable earnings for each pay period at a rate determined under this regulation (“member contributions rate”).
(2) The member contributions rate which applies to a member’s pensionable earnings is the rate which applies when the member’s pensionable earnings are paid.
(3) For the purposes of paragraph (2), assumed pay for any pay period is treated as having been paid when pensionable earnings for that period would have been paid had the circumstances in regulation 24(3) which apply to the member not applied.
(4) The member contributions rate during a scheme year to which a table set out in this regulation applies is the percentage, set out in the table, which applies to a member’s annualised rate of pensionable earnings calculated in relation to each payment of a member’s pensionable earnings.
(5) Where the member’s pensionable earnings for a scheme year are payable to the member in 12 instalments, the member’s annualised rate of pensionable earnings is calculated as follows, rounded down to the nearest whole pound—
where P is the amount of a payment of the member’s pensionable earnings.
(6) Where the member’s pensionable earnings for a scheme year are payable otherwise than in 12 instalments, the member’s annualised rate of pensionable earnings is calculated as follows, rounded down to the nearest whole pound—
where—
P is the amount of a payment of the member’s pensionable earnings; and
N is the number of days in the applicable payment period.
(7) For the purposes of paragraph (6) the applicable payment period is—
(a)if it is the member’s first payment of pensionable earnings in relation to a continuous period of pensionable service in a qualifying judicial office, the number of days in the period beginning on the day the member commenced the period of pensionable service in the qualifying judicial office and ending on the day before the day that this payment was made; or
(b)in any other case, the period beginning on the day the previous payment of the member’s pensionable earnings was made and ending on the day before the day that this payment was made.
(8) If the scheme year in which the payment of pensionable earnings is made includes the day 29th February, paragraph (6) has effect with the substitution for “365” of “366”.
Annualised rate of pensionable earnings | Member contributions rate |
---|---|
Up to but not including £15,001 | 4.6% |
£15,001 to but not including £21,001 | 4.6% |
£21,001 to but not including £47,001 | 5.45% |
£47,001 to but not including £150,001 | 7.35% |
£150,001 and above | 8.05% |
Annualised rate of pensionable earnings | Member contributions rate |
---|---|
Up to but not including £15,001 | 4.6% |
£15,001 to but not including £21,211 | 4.6% |
£21,211 to but not including £48,472 | 5.45% |
£48,472 to but not including £150,001 | 7.35% |
£150,001 and above | 8.05% |
Annualised rate of pensionable earnings | Member contributions rate |
---|---|
Up to but not including £15,001 | 4.6% |
£15,001 to but not including £21,423 | 4.6% |
£21,423 to but not including £51,006 | 5.45% |
£51,006 to but not including £150,001 | 7.35% |
£150,001 and above | 8.05% |
Annualised rate of pensionable earnings | Member contributions rate |
---|---|
Up to but not including £15,001 | 4.6% |
£15,001 to but not including £21,637 | 4.6% |
£21,637 to but not including £51,516 | 5.45% |
£51,516 to but not including £150,001 | 7.35% |
£150,001 and above | 8.05% |
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