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NHS Pension Scheme: proposed uplift to member contribution thresholds for 2023 to 2024

NHS Pension Scheme proposed uplifts to the member contributions

NHS Pensions have released the final information regarding the implementation of the legislative changes to the NHS Pension Scheme member’s contribution tiers and rates from 1 April 2023, which can be found by clicking here

Where Practices have outsourced pension management, they are encouraged to check that these changes are in-hand.  Note:  The LMC cannot provide advice and guidance about pension management.

1 April 2023 Onwards, the new tiers will be as follows:

Tier       Pensionable Earnings    Contribution rate from 1 April 2023

1 £0 to £13,246 5.1%
2 £13,247 to £17,673 5.7%
3 £17,674 to £24,022 6.1%
4 £24,023 to £25,146 6.8%
5 £25,147 to £29,634 7.7%
6 £29,635 to £30,638 8.8%
7 £30,639 to £45,995 9.8%
8 £45,996 to £51,707 10%
9 £51,708 to £58,971 11.6%
10 £58,972 to £75,632 12.5%
11 £75,633 and above 13.5%
First Published
5 November 2023
Updated On
5 November 2023
Due to be Reviewed
1 October 2024
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