Croeso i wefan Cronfa Bensiwn Dyfed
Welcome to the Dyfed Pension Fund website

How much will I Pay?

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 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

Example 1

Val works full time and her annual rate of pensionable pay in April 2018 is £14,000.

Actual Pensionable Pay (£) Rate (%)
14,101 to 22,000 5.80

This puts her contribution rate at 5.8% of her pensionable pay.

Example 2

Robert works part time (18.50 / 37.00 hours per week) and his annual rate of pensionable pay in April 2018 is £8,000.

This figure determines which pay band Robert falls into.

Actual Pensionable Pay (£) Rate (%)
Up to 14,100 5.50

This puts his contribution rate at 5.5% of his pensionable pay