Important Changes To Your Pension Contribution Bands 04 2018 Eapf6

According to the EAPF News, the contribution pay bands for the Local Government Pension Scheme (LGPS) have increased by 3% from 1 April 2018 . The pay bands increase by the same percentage as pensions increase, which is then rounded down to the nearest £100. Your contribution rate depends on how much pensionable pay you’re actually paid and ranges between 5.5% and 12.5% . Here are the pay bands and rates that apply from 1 April 2018 to 31 March 2019:

| Pay Band | Annual Rate of Pensionable Pay | Contribution Rate |
|————–|———————————–|———————–|
| 1 | Up to £14,800 | 5.5% |
| 2 | £14,801 – £22,000 | 5.8% |
| 3 | £22,001 – £35,800 | 6.5% |
| 4 | £35,801 – £60,000 | 8.5% |
| 5 | £60,001 – £85,000 | 9.9% |
| 6 | £85,001 – £100,000 | 10.5% |
| 7 | Over £100,000 | 12.5% |

Please note that this information is specific to the LGPS and may not apply to other pension schemes.

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