The pension contribution rate for 23/24 will depend on the type of pension scheme you have. Here's a breakdown of the most common types and where to find the relevant information:
Workplace pension (auto-enrolment): Your employer is legally required to enroll you. Minimum contribution rates are set by the government. You can find the rates on the MoneyHelper website: https://www.moneyhelper.org.uk/en/pensions-and-retirement/auto-enrolment/how-much-do-i-and-my-employer-have-to-pay
NHS Pension Scheme: Contribution rates are tiered based on your salary. Find the specific rates on the NHS Employers website: https://www.nhsemployers.org/publications/nhs-pension-scheme-member-contributions-202324
Other public sector pensions (e.g., Teachers, Local Government): These schemes will have their own contribution structures. Search the website of the relevant pension scheme for details.
Personal pension: You choose how much to contribute. There are limits on how much you can receive in tax relief.
Important Note: Accountants Chester can help you understand the tax implications of your pension contributions, but for specific advice on the best contribution rates for your situation, it's recommended to consult a qualified financial advisor.
Pension Contributions Accountants Chester