King's College
Virginia Woolf Building
1st Floor, 22 Kingsway
London, WC2B 6LE
Tel. 020 7848 3744
Mob. 07718 647 567
Private Pensions
Table 20: Contribution rates to private sector schemes by scheme size (as a percentage of salary) in 2016[1]
|
Scheme size (total membership) |
Weighted average contribution rates (% of salary) |
|||||
|
Defined Benefit |
Defined Contribution |
|||||
|
Member |
Employer |
Total |
Member |
Employer |
Total |
|
|
10,000+ |
5.9 |
16.5 |
22.4 |
0.9 |
2.8 |
3.7 |
|
5,000 to 9,999 |
5.6 |
17.1 |
22.7 |
2.6 |
5.9 |
8.5 |
|
1,000 to 4,999 |
6.1 |
16.2 |
22.4 |
2.8 |
6.8 |
9.6 |
|
100 to 999 |
4.0 |
25.6 |
29.7 |
2.0 |
6.1 |
8.1 |
|
12 to 99 |
1.7 |
45.4 |
47.1 |
0.1 |
0.4 |
0.4 |
|
Total |
5.8 |
16.9 |
22.7 |
1.0 |
3.2 |
4.2 |
[1] ONS (2017) Occupational Pension Schemes Survey 2016. Includes schemes where contributions are zero. As these contributions are a proportion of salary, they will include any contracted-out rebate received by the employer/employee.
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