Staff Benefits Scheme pension update
Employee and employer contributions will be increasing from 1 August 2019.
Members of the University of Edinburgh Staff Benefit Scheme (SBS) are reminded that pension contribution levels will increase from 1 August 2019. All SBS members should already have received information about this directly.
As a reminder the increases are as follows:
| Contribution rate | Current contribution to 31/07/2019 | Contribution rate from 01/08/2019 |
|---|---|---|
| Member | 8.0% | 9.1% |
| Employer | 16.2% | 19.8% |
Members will continue to receive tax relief on their contributions and if they pay by the Salary Sacrifice method, should also see a small National Insurance saving.
The Net Pay Calculator has been updated to reflect the increases and members can see the effect on their take home pay on the webpage below.