NO CHANGE IN CONTRIBUTION BANDS FROM APRIL 2010
Members' Contribution BandsThu Mar 4 2010
As a result of the negative (RPI) inflation (-1.4%) suffered by the economy in the 12 months up to and including September 2009, the earnings bands, from 1 April 2010 are expected to remain unchanged from those used during 2009/10.
Please remember, if you work part-time, that the rate is determined based on what you would earn if you worked whole-time, although the amount you pay is based on your actual earnings.
The Government consulted on possible changes to the contribution rates for those members earning over £75,000 p.a. however no formal decisions have yet been announced on this matter.
If you are a former manual worker paying the protected 5% rate as at 31 March 2008, your rate for 2010/11 will be 6.50% (or, where lower, the amount corresponding to the earnings band, shown in the table below):
|
Pay Bands from 1 April 2010 |
|
|
Earnings Band Range
|
Contribution rate
|
||
|
1
|
£0
|
to
|
£12,600
|
5.5%
|
|
2
|
£12,600.01
|
to
|
£14,700
|
5.8%
|
|
3
|
£14,700.01
|
to
|
£18,900
|
5.9%
|
|
4
|
£18,900.01
|
to
|
£31,500
|
6.5%
|
|
5
|
£31,500.01
|
to
|
£42,000
|
6.8%
|
|
6
|
£42,000.01
|
to
|
£78,700
|
7.2%
|
|
7
|
More than £78,700
|
7.5%
|
||
