NHS Pension Scheme - member contributions 2023/24

From 1 October 2022, following a public consultation by the Department of Health and Social Care (DHSC), changes were made to the member contribution structure for the NHS Pension Scheme.
We submitted a response to the consultation (PDF) representing the feedback we received from employers from across the NHS.
Overview of the member contribution structure
Member contribution rates
Below is the NHS Pension Scheme member contribution structure. It sets out the current member contribution rates, introduced in phase one, and future rates that will be introduced in phase two (the implementation date of which is not yet confirmed).
A simpler version of the table is available to download as a poster (PDF) that should be shared with staff. The poster shows the member contribution rates for 2023/24 only, round down to the nearest pound.
Pensionable pay (tier thresholds increased from 1 April 2023) | Phase 1 Contribution rate from 1 October 2022 based on actual pensionable pay |
Phase 2 Contribution rate based on actual pensionable pay |
---|---|---|
£0 to £13,246 | 5.1% | 5.2% |
£13,247 to £17,673 | 5.7% | 6.5% |
£17,674 to £24,022 | 6.1% | 6.5% |
£24,023 to £25,146 | 6.8% | 6.5% |
£25,147 to £29,635 | 7.7% | 8.3% |
£29,636 to £30,638 | 8.8% | 8.3% |
£30,639 to £45,996 | 9.8% | 9.8% |
£45,997 to £51,708 | 10% | 10.7% |
£51,709 to £58,972 | 11.6% | 10.7% |
£58,973 to £75,632 | 12.5% | 12.5% |
£75,633 and above | 13.5% | 12.5% |
Implementation date for phase two still to be confirmed.
Tax relief on member contributions
NHS Pension Scheme members will receive tax relief on their pension contributions up to a certain amount. This is because contributions are taken from pay before tax is taken off, therefore contributions reduce the amount of pay subject to tax.
The tax relief available for pension savings is subject to a certain limit known as the annual allowance, which is a restriction put in place by HMRC. You can find out more about this on our annual allowance web page.
Employer contributions
The employer contribution rate is 20.6 per cent of pensionable pay and will remain unchanged until 31 March 2024. Changes to the member contribution structure do not impact employer contributions.
You can read more about the employer contribution rate on our web page including how it is set, when it will change, and details of the administration levy.