The contributions calculator
This calculator will help you work out the amount that will be deducted from your pay as pension contributions from 1 April 2008.
Use the calculator to check that your actual deductions are in line with what you think they should be. If they are not, you should talk to your pension officer at work.
From April 1 2008, contributions are based on how much you earn, with the higher paid paying a higher proportion of their earnings. Contribution rates, which are set out in the table below, will depend on pensionable pay for GPs and whole timers, or the whole time equivalent amount for part-timers.
This is a change from the arrangements pre 1 April 2008, where manual staff paid 5% and all other staff paid 6%.
| Annual pensionable pay | Contribution rate from 1 April 08 | |
|---|---|---|
| Up to £19,682 | 5% (manual workers) or 6% | 5% |
| £19,683 - £65,002 | 5% (manual workers) or 6% | 5% (manual workers) or 6.5% |
| £65,003 - £102,499 | 6% | 7.5% |
| £102,500 or more | 6% | 8.5% |
The calculator assumes that all your annual salary is pensionable (full time equivalent if part-time). It uses this salary to calculate the new contribution rate you will pay from 1 April 2008. The way in which your new contribution rate is worked out in the first year 2008/9 will be slightly different in subsequent years from 2009/10.