How much will I pay?

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The contribution rate you pay in the LGPS is based on how much you are paid. 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.
If you elect to pay less contributions by joining the 50/50 section of the Scheme, you will pay half the normal contribution rate.

The Contribution Calculator

For a detailed breakdown of how much you will pay, please use the LGPS Contribution Calculator. To use the calculator, you will need to input the following details:
  • Your pay for the next scheme year (which runs from 1 April to 31 March), and
  • How often you are paid (either weekly or monthly), and
  • The section of the Scheme you are in (You will be in the main section unless you choose to pay less in the 50/50 section).

What happens when I join the LGPS?

When you join the LGPS your employer will decide your appropriate rate of contributions for each job you have. Your employer may decide to review your contribution rate, if for example your pay changes during the year. If this results in a change to your contribution rate they must let you know.
If you elect to join the 50/50 section of the Scheme, you will start paying half your normal contribution rate from your next available pay period.
You should check your payslip to make sure that pension contributions are being deducted.