| Band |
Yearly pay |
Rate |
| 1 |
Up to £13,700 |
5.5% |
| 2 |
More than £13,700 and up to £16,100 |
5.8% |
| 3 |
More than £16,100 and up to £20,800 |
5.9% |
| 4 |
More than £20,800 and up to £34,700 |
6.5% |
| 5 |
More than £34,700 and up to £46,500 |
6.8% |
| 6 |
More than £46,500 and up to £87,100 |
7.2% |
| 7 |
More than £87,100 |
7.5% |
Example 1
Steve works full time and earns £15,000 a year, so he falls into band 2. This puts his contribution rate at 5.8%, which works out at just under £73 a month - less after savings in tax and National Insurance. |
Example 2
Joan works part time (working half the hours) - her actual part time pay is £9,000 a year, but her full time equivalent pay is £18,000 a year, so she falls into band 3. This puts her contribution rate at 5.9%, which works out at just over £44 a month - less after savings in tax and National Insurance.
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If you are part time
