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 2018[1]
|
Scheme size (total membership) |
Weighted average contribution rates (% of salary) |
|||||
|
Defined Benefit |
Defined Contribution |
|||||
|
Member |
Employer |
Total |
Member |
Employer |
Total |
|
|
10,000+ |
6.7 |
19.2 |
25.9 |
2.6 |
2.2 |
4.8 |
|
5,000 to 9,999 |
6.9 |
20.8 |
27.6 |
3.5 |
6.8 |
10.2 |
|
1,000 to 4,999 |
5.3 |
17.0 |
22.4 |
3.4 |
7.3 |
10.6 |
|
100 to 999 |
3.5 |
21.3 |
24.8 |
3.9 |
6.6 |
10.5 |
|
12 to 99[2] |
3.6 |
33.5 |
37.1 |
0.2 |
2.5 |
2.7 |
|
Total |
6.4 |
19.2 |
25.6 |
2.7 |
2.4 |
5.0 |
[1] ONS (2018) Occupational Pension Schemes Survey 2018. 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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