What are the special contribution arrangements for members who earn below a certain amount?
There are special contribution arrangements for members whose pay is below a certain Upper pay threshold, set at £24,532 a year on 1 October 2011.
Members whose pay is below a Lower pay threshold (£21,806 on 1 October 2011) pay contributions which are 3% lower than the standard rates for their chosen Plan from 1 October 2011, meaning that contributions would remain at a constant level.
Members whose pay is between the lower threshold of £21,806 and upper threshold of £24,532 will pay contributions up to 3% lower from 1 October 2011. The amount by which contributions are reduced is calculated according to where the member's pay falls between the lower and upper pay thresholds. Your pay slips show the actual contribution amounts applicable to you.