NHS Pension Employee Contribution 2022/23: On April 1, 2019, the employer contribution rate for the NHS Pension Scheme increased from 14.3% to 20.6% plus the employer levy of 0.08%.
NHS Pension Employee Contribution 2022/23
NHS Pension Employee Contribution 2022/23: The Department of Health and Social Care (DHSC) verified the funding available to cover the associated expenditures in March 2019 in the consultation response announcing the increase and that a transitional arrangement will be in effect in 2019–20. With the employer charge of 0.08% added on top, this permitted firms in the Scheme to continue paying 14.3%.
We can now confirm that the transitional arrangement will continue once more in 2022–2033, as it did in 2020–21 and 2021/22. This is done in an effort to give employers in the industry as much stability as possible, especially in light of the pressure brought on by the coronavirus (COVID-19) epidemic.
Employers Should Continue Making Regular Pension Payments
NHS Pension Employee Contribution 2022/23: This indicates that during 2022–2023, all employers should continue to make their regular monthly payments to the NHS Pension Scheme in the amount of 14.38% in employer contributions, including 0.08% for the employer levy. Payments to the Scheme for organizations covered by NHS England and NHS Improvement’s commitment to the NHS will continue.
As stated in the response to the 2019 consultation, the 6.3% rise was divided into two components:
2.5% of the increase was anticipated at the time of Budget 2016, and the remaining 3.8% was caused by an unanticipated factor.
You will get funds for the unexpected expenditures once again in 2022–2023 if your organization is not included in the commitment to the NHS. In a continuance of the initial 2019–20 arrangement, you will need to control the impact of the anticipated element.
Arm’s Length Bodies (ALBs) will continue to receive the same amount of funding support as before for 2022–2023 (with the exception of NHS England and NHS Improvement), and the funding and administrative arrangements will be the same as in 202–2022.
We are currently writing to university medical schools to inform them that the NHSBSA’s recommendation regarding their specific contribution for 2019/2020 will stand.
Employee Contribution Chart
|
Pensionable pay |
Phase 1 Contribution rate from 1 October 2022 based on actual pensionable pay |
Phase 2 Contribution rate based on actual pensionable pay |
|
Up to £13,246 |
5.1% |
5.2% |
|
£13,247 to £16,831 |
5.7% |
6.5% |
|
£16,832 to £22,878 |
6.1% |
6.5% |
|
£22,879 to £23,948 |
6.8% |
6.5% |
|
£23,949 to £28,223 |
7.7% |
8.3% |
|
£28,224 to £29,197 |
8.8% |
8.3% |
|
£29,180 to £43,805 |
9.8% |
9.8% |
|
£43,806 to £49,245 |
10% |
10.7% |
|
£49,246 to £56,163 |
11.6% |
10.7% |
|
£56,164 to £72,030 |
12.5% |
12.5% |
|
£72,031 and above |
13.5% |
12.5% |
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