| Band |
Yearly pay |
Rate |
| 1 |
Up to £12,900 |
5.5% |
| 2 |
More than £12,900 and up to £15,100 |
5.8% |
| 3 |
More than £15,100 and up to £19,400 |
5.9% |
| 4 |
More than £19,400 and up to £32,400 |
6.5% |
| 5 |
More than £32,400 and up to £43,300 |
6.8% |
| 6 |
More than £43,300 and up to £81,100 |
7.2% |
| 7 |
More than £81,100 |
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
