Revised contribution rates to the NHS pension scheme will go ahead following the government consultation which ended in January – but the new rules have been delayed for six months until October 2022.
Contribution rates will now be based on pensionable pay rather than notional whole-time equivalent pay. Part-time members will therefore pay reduced pension contribution sums in the future.
The new contributions – which will also be decreased from seven to six tiers – will be phased in over two years. In general, higher earners will be contributing less into their pension. For example, the highest contribution tier would be lowered to 12.5 per cent rather than the current 13.5 and 14.5 per cent.
