Can I pay less?

What is the 50/50 section?

The 50/50 section allows you to reduce your contributions by half, and in return build up half your normal pension benefits. You can't move to the 50/50 section until after you have started your job and joined the main scheme.

If you have more than one job you can choose to go into the 50/50 section in one, some, or all of your jobs. A form to join this section must be filled in and sent to your employer.

The contribution rates for 2021/2022 are shown below. The contributions calculator on the national LGPS website can work out your contributions to the 50/50 section for you.

If your pay is:

Main section contribution rate:

50/50 section contribution rate:

Up to £14,600

5.50%

2.75%

£14,601 to £22,900

5.80%

2.90%

£22,901 to £37,200

6.50%

3.25%

£37,201 to £47,100

6.80%

3.40%

£47,101 to £65,900

8.50%

4.25%

£65,901 to £93,400

9.90%

4.95%

£93,401 to £110,000

10.50%

5.25%

£110,001 to £165,000

11.40%

5.70%

£165,001 or more

12.50%

6.25%

 

My pension online

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