WebThe LGPS is one of the largest pension schemes in the UK with over 6 million members. About the LGPS. ... New contribution bands. 01 Nov 2024 Pensions awareness week. 09 Sep 2024 Check your annual statement. LGPS - Local Government Pension Scheme. About the LGPS. Facts and figures; WebLGPS England & Wales 2024/23 employee contribution bands Below are the employee contribution bands which will be effective from 1 April 2024. These are calculated by …
New employee contribution pay bands from 1 April 2024
Web23. avg 2024. · These pay bands and rates apply from April 2014 in England and Wales: Pay rate: Gross contribution rate: Contribution you pay after tax relief: Up to £13,500: 5.5%: 4.4%: ... non-contractual … Web01. apr 2024. · The rate you pay depends on which pay band you fall into. There are nine different pay bands with contribution rates ranging from 5.5% to 12.5% of your pensionable pay. The following pay bands and contribution rates will apply in the main and 50/50 sections of the LGPS respectively from 1 April 2024 until 31 March 2024 (both … isabelle abbott pugh
Local Government Pension Scheme Pensions
WebContribution bands for 2024/24. The contribution rates and pay bands are reviewed regularly and may change in the future. If you are a member of the Scheme, you should … WebThe below table shows what the current contribution rates are. LGPS contribution table 2024/2024 ... Employee contribution bands 2024/2024; LGPS Statistics for 2024/2024; Funding Strategy Statement Consultation 2024; Thank you for attending our Employer Meeting 2024- Please provide feedback! WebLGPS regulations require that contribution rates are applied according to ranges of pay bands (or tiers) rising from 5.5% to 12% depending on the member’s rate of pensionable pay (see Table 1 of Annex C). Members pay 5.5% on the first £23,000 of pay, 7.25% on pay over £23,001 up to £28,100, and so on. old ship navigation system