Isle of Man Government Unified Scheme 2011 - Reminder to scheme members that their pension scheme contribution may increase from April 2019.
From April 2018 the contribution rates for existing members who were in the scheme before 1 April 2017 started to increase by 2.5%. The increases were limited to no more than 1% per year.
The table below show how the contribution rates are increasing from 1 April 2018 to 1 April 2020 for the majority of scheme members.
Simply pick the Section you are in and you will see how your contribution will increase from 1 April 2019.
Standard Section 1
| April 2018 | April 2019 | April 2020 |
|---|---|---|
| 6% | 7% | 7.5% |
Protected Sections (membership status as at 1 April 2012)
| Section | April 2018 | April 2019 | April 2020 |
|---|---|---|---|
| 2 (ex CS classic) | 8.5% | 9.5% | 10.25% |
| 2 (others) | 8.75% | 9.75% | 10.25% |
| 2 (Hosp Doctors) | 10.60% | 11.60% | 12.10% |
| 2 (ex CS Classic within 7 years of retirement)* | 6% | 7% | 7.5% |
| 2 (ex 6.5% within 7 years of retirement)* | 7.5% | 8.5% | 9% |
| 2 (ex 7.5% within 7 years of retirement)* | 8.5% | 9.5% | 10% |
| 3 | 10.50% | 11.50% | 12.25% |
| 3 (within 7 years of retirement)* | 6% | 7% | 7.5% |
| 4 | 7.60% | 8.60% | 9.10% |
| 4 (within 7 years of retirement)* | 6% | 7% | 7.5% |
| 5 | 10.50% | 11.50% | 12.00% |
| 5 (ex 6.5% within 7 years of retirement)* | 7.5% | 8.5% | 9% |
| 5 (ex 7.5% within 7 years of retirement)* | 8.5% | 9.5% | 10% |
| 5 (ex 8.5% within 7 years of retirement)* | 9.5% | 10.5% | 11% |
| 6 | 9.40% | 10.40% | 10.90% |
| 7 | 12.00% | 13.00% | 13.50% |
*these rates apply only to members within 7 years of their normal pension age on 1 April 2012
New Joiners or New Scheme Memberships since 1 April 2017
For all new memberships since 1 April 2017 the contribution rates are set as shown in the table below and are not due to change in April 2019.
| Section | Contribution Rate |
|---|---|
| Standard 1 | 7.5% |
| Section 7 | 13.50% |
| Section 8 | 10.00% |
Please check the percentage deduction on your April 2019 payslip and report any discrepancies to the Payroll team +44 1624 685595.
