NHS Pension Contribution Rates 2013/14 – What Are They? – Hot Topics Q & A

Q. Can you please clarify what I will be asked to pay into the NHS Pension Scheme from April 2013 as I am aware that the contribution percentages are increasing for members?

A. Yes, you’re correct. You will need to pay more to be a member of the scheme. Whilst not great news, it’s still an excellent scheme that we believe offers fantastic value for money when faced with the alternatives.

Here is a table of the 2013/14 contribution rates, including the current year:

Full-time pay range (2012/13)          2012/13          2013/14

Up to £15,278                                    5.0%               5.0% 
£15,279 to £21,175                             5.0%               5.3%
£21,176 to £26,557                             6.5%               6.8%
£26,558 to £48,982                             8.0%               9.0%
£48,983 to £69,931                             8.9%               11.3%
£69,932 to £110,273                           9.9%               12.3%
Over £110,273                                   10.9%              13.3%

Like what you read? Get our latest guide!
Download our FREE guide that will help you achieve your most important goals and get your financial house in order. You'll learn...
  • Step 1: What Do You Really Want?
  • Step 3: Forecasting Your Future
  • Step 4: Where To Invest?
Enter your first name and email below to get Instant Access!
About Ray Prince

My work passion is helping dentists and doctors strategically plan their financial futures in a totally impartial way (I work on a fee basis). Outside of work the best words that can describe me are: father, husband, keep fit enthusiast (running), family oriented, non-materialistic, enjoy new challenges, smiling, living by the coast :)