Avon Pension Fund
Administered by Bath and North East Somerset Council
Administered by Bath and North East Somerset Council
April
2008New Pay Bands April 2008
What do I pay?
Your contribution rate depends on how much youre paid, but it will be between 5.5 and 7.5% of your pensionable pay. The rate you pay depends on which pay band you fall into.
If you work part-time, your rate will be based on the whole time pay rate for your job, although you will only pay contributions on the pay you actually earn.
Here are the pay bands that apply from April 2008:
The pay band ranges will
be increased each April in line with the cost of living.
Those manual workers paying the protected 5% rate at 31st March 2008 will, by virtue of regulation 9 of the Transitional Provisions Regulations, pay the following rates
Councillors will continue to pay 6% until the regulations regarding
their membership is reviewed [Expected April 2009]
What do I pay?
Your contribution rate depends on how much youre paid, but it will be between 5.5 and 7.5% of your pensionable pay. The rate you pay depends on which pay band you fall into.
If you work part-time, your rate will be based on the whole time pay rate for your job, although you will only pay contributions on the pay you actually earn.
Here are the pay bands that apply from April 2008:
| If your Whole Time Pay Rate is: | You pay a contribution rate of: |
| Up to £12,000 | 5.5% |
| More than £12,000 and up to £14,000 | 5.8% |
| More than £14,000 and up to £18,000 | 5.9% |
| More than £18,000 and up to £30,000 | 6.5% |
| More than £30,000 and up to £40,000 | 6.8% |
| More than £40,000 and up to £75,000 | 7.2% |
| More than £75,000 | 7.5% |
Those manual workers paying the protected 5% rate at 31st March 2008 will, by virtue of regulation 9 of the Transitional Provisions Regulations, pay the following rates
| 1st April 2008 | 5.25% |
| 1st April 2009 | 5.5% |
| 1st April 2010 | 6.5% or the rate from the standard table if lower |
| 1st April 2011 | the rate from the standard table |