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15 February 2019
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Change to TPS salary bands for employee contributions
There is no change to the employee contribution rates from 1 April 2019, they remain the same as the 2018/19 rates. However the salary bands for employee contribution rates will increase by 2.4 per cent. The reason for the change is that the salary bands increase in line with the Consumer Price Index (CPI) and CPI rose by 2.4 per cent in the year to September 2018.
Annual Salary Rate for the Eligible Employment from 1 April 2018 – 31 March 2019
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Annual Salary Rate for the Eligible Employment from 1 April 2019
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Employee Contribution Rate
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Up to £27,047.99
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Up to £27,697.99
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7.4%
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£27,048 to £36,410.99
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£27,698 to £37,284.99
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8.6%
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£36,411 to £43,171.99
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£37,285 to £44,208.99
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9.6%
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£43,172 to £57,216.99
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£44,209 to £58,590.99
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10.2%
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£57,217 to £78,022.99
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£58,591 to £79,895.99
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11.3%
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£78,023 and above
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£79,896 and above
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11.7%
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