Contribution rates
2013/2014 Contribution Rates before tax relief (gross)
Tier |
Pensionable Pay in 2012/13 |
Contribution Rate in 2013/14 |
|---|---|---|
| 1 |
Up to £15,278.99 |
5.0% |
| 2 |
£15,279.00 to £21,175.99 |
5.3% |
| 3 |
£21,176.00 to £26,557.99 |
6.8% |
| 4 |
£26,558.00 to £48,982.99 |
9.0% |
| 5 |
£48,983.00 to £69,931.99 |
11.3% |
| 6 |
£69,932.00 to £110,273.99 |
12.3% |
| 7 |
£110,274.00 and over |
13.3% |
The contribution rates paid by employers is 14%