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2015 Scheme GP tiered contributions: annualisation calculator 2023-24

31st March 2025 by NASGP

2015 Scheme GP tiered contributions: annualisation calculator 2023-24

In pension schemes, annualisation is a process that calculates the annual equivalent of income, particularly when employment doesn’t span the full pension year, to determine the correct tiered contribution rate.

The pension year runs 1 April to 31 March.

The annualisation calculator is available on the NHS Pensions website.

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