The Local Government Pension Scheme (LGPS) is provided to you by your Employer, who then pays the bulk of the cost of your benefits. How much it costs you depends on how much you are paid, but it will be between 5.5% and 12.5% of your pensionable pay.
The rate you pay depends on which pay band you fall into, which will be based on your actual pensionable pay. (Please note that any contractual or non-contractual overtime that you undertake will be deemed as pensionable).
However, the amount you actually pay is far less than you think because you will attract tax-relief on the contributions that you pay.
Contribution Banding Arrangement from 1 April 2018 to 31 March 2019
|Actual Pensionable Pay (£)||Rate (%)|
|Up to £14,100||5.50|
|14,101 to 22,000||5.80|
|22,001 to 35,700||6.50|
|35,701 to 45,200||6.80|
|45,201 to 63,100||8.50|
|63,101 to 89,400||9.90|
|89,401 to 105,200||10.50|
|105,201 to 157,800||11.40|
|More than £157,801||12.50|
To estimate your contribution under this arrangement, please click here.
However, your Employer is responsible for allocating your contribution rate. If you believe it to be incorrect, please contact your Employer.