A few weeks ago we notified you of changes to Teachers Pensions with regards to changes to the boundaries of the contribution tiers. The same thing applies to Greater Manchester Pension Fund from April 2017.
Therefore you may be paying more in contributions, or paying less in contributions or the contributions may stay the same. Please look at the chart below and if you have any queries please contact Martin Evans .
|Annual Salary Rate for the Eligible Employment from 1 April 2015 – 31 March 2017||Annual Salary Rate for the Eligible Employment from 1 April 2017||Member Contribution Rate|
|Up to £13,600||Up to £13,700||5.5%|
|£13,601 to £21,200||£13,701 to £21,400||5.8%|
|£21,201 to £34,400||£21,401 to £34,700||6.5%|
|£34,401 to £43,500||£34,701 to £43,900||6.8%|
|£43,501 to £60,700||£43,901 to £61,300||8.5%|
|£60,701 to £86,000||£61,301 to £86,800||9.9%|
|£86,001 to £101,200||£86,801 to £102,200||10.5%|
|£101,201 to £151,800||£102,201 to £153,300||11.4%|
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