What's average salary?
The salaries for the last ten pensionable years are increased at
each salary change to current day value in line with inflation. The
average of the best consecutive three years re-valued salaries in those
ten years will be used;
each salary change to current day value in line with inflation. The
average of the best consecutive three years re-valued salaries in those
ten years will be used;
How much will i pay?
Whether you’re a full-time or part-time member, you’ll pay a percentage of your gross salary into your pension each month.
The good news is that your employer will also be contributing towards
your pension too and you'll receive tax relief on your contributions.
The pension contribution bands for this year can be found on our updates page.
Like any financial transaction you make, it’s important you’re paying
the correct amount. So check your payslips and if you think a mistake
is being made, contact your employer’s Payroll Department immediately.
The good news is that your employer will also be contributing towards
your pension too and you'll receive tax relief on your contributions.
The pension contribution bands for this year can be found on our updates page.
Like any financial transaction you make, it’s important you’re paying
the correct amount. So check your payslips and if you think a mistake
is being made, contact your employer’s Payroll Department immediately.