New NHS Pension Tiers and Contributions

New Pension Rate to be used from 1st October 2022 are as follows:

 

Please note, at the time of the release of Kashflow Payroll version 1.7.7 (20/09/2022) – NHS Scotland and Northern Ireland are yet to confirm their finalised rates and contributions.

We have based the rates on initial indications these agencies provided during consultation, however they could be subject to change

 

England and Wales (Rates confirmed)

 

TierPensionable Pay used to determine contribution rate £Contribution rate (%)
1£0.00 to £13,246.995.1%
2£13,247.00 to £16,831.99 5.7%
3£16,832.00 to £22,878.996.1%
4£22,879.00 to £23,948.996.8%
5£23,949.00 to £28,223.997.7%
6£28,224.00 to £29,179.998.8%
7£29,180.00 to £43,805.999.8%
8£43,806.00 to £49,245.9910%
9£49,246.00 to £56,163.9911.6%
10£56,164.00 to £72,030.9912.5%
11£72,031.00 and above13.5%

 

Northern Ireland (Awaiting final confirmation)

 

TierPensionable Pay used to determine contribution rate £Contribution rate (%)
1£0.00 to £13,231.995.3%
2£13,232.00 to £15,431.99 5.9%
3£15,432.00 to £21,478.996.3%
4£21,479.00 to £22,548.996.8%
5£22,549.00 to £26,823.997.9%
6£26,824.00 to £27,779.998.8%
7£27,780.00 to £42,120.9910%
8£42,121.00 to £47,845.9910.2%
9£47,846.00 to £54,763.9911.6%
10£54,764.00 to £70,630.9912.5%
11£70,631.00 and above13.5%

 

Scotland (Awaiting final Confirmation)

 

TierPensionable Pay used to determine contribution rate £Contribution rate (%)
1£0.00 to £13,330.995.7%
2£13,331.00 to £21,614.99 6.2%
3£21,615.00 to £25,981.996.7%
4£25,982.00 to £32,915.998.4%
5£32,916.00 to £48,784.9910.5%
6£48,785.00 to £65,376.9911.0%
7£65,377.00 and above13.7%

See how IRIS KashFlow works with your business and your books