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+ |
6.0 |
18.6 |
24.6 |
1.1 |
1.8 |
3.0 |
|
5,000 to 9,999 |
6.4 |
19.9 |
26.3 |
2.7 |
5.4 |
8.1 |
|
1,000 to 4,999 |
5.8 |
20.0 |
25.8 |
3.2 |
6.3 |
9.4 |
|
100 to 999 |
4.7 |
24.0 |
28.7 |
3.2 |
5.2 |
8.3 |
|
12 to 99[2] |
4.3 |
36.4 |
40.7 |
* |
* |
* |
|
Total |
6.0 |
19.2 |
25.2 |
1.2 |
2.1 |
3.4 |
[1] ONS (2018) Occupational Pension Schemes Survey 2017. 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.
[2] * indicates cells that have been suppressed to protect confidentiality.
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