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  • Salary band changes for contribution rates

    Advice February 2018

    As the rate of the Consumer Price Index (CPI) rose by 3% in the year to September 2017, the salary bands for contribution rates for members will increase by 3% with effect from 1 April 2018.

  • Funding for the teachers' pay grant and increases in employer contributions to the teachers' pension scheme

    Advice March 2019

    The teachers’ pay award for 2018/19 is to be funded until March 2020. The employers’ contributions to teachers’ pensions are due to increase from the current 16.48% to c23.6%, with effect from 1 September 2019. The government has committed to funding this increase for the financial year 2019/20.

  • Teachers' Pension Scheme - announcement September 2018

    Advice September 2018

    Teachers' Pensions, which administers the Teachers' Pension Scheme on behalf of the DfE, has announced that there is likely to be an increase in the amount employers pay towards the schemes in 2019/20.

  • Feeling taxed?

    Advice April 2014

    Personal taxation is becoming increasingly complex, with many more people being obliged to move to self-assessment tax returns that can prove complex and are prone to errors.

  • Pension statements now available online

    Advice September 2016

    f you are a member of the Teachers’ Pensions Scheme, your benefit statement is now available online.

  • Written statement on Public Service Pension Indexation and Revaluation 2016

    Advice February 2016

    On 2 February 2016 the Chief Secretary to the Treasury published a written statement on Public Service Index and Revaluation 2016. This announcement affects anyone with a public service pension scheme and advises the calculations used during the annual revaluation of public service pensions.

  • Increase to employer pension contributions

    Advice March 2014

    ASCL received a letter from the DfE last week that outlines a proposed increase of 2.3 per cent in employer contributions to the Teachers’ Pension Scheme, taking the contribution to 16.4 per cent.

  • Annual Allowance Tax Year 2015-16

    Advice September 2016

    The Teachers’ Pensions Agency will soon be sending out letters to members who have breached the Annual Allowance for the tax year 2015-16.

  • Teachers' Pensions update

    Advice April 2017

    Teachers’ Pensions has introduced Monthly Data Collection (MDC) for employers to provide their salary and service information. MDC replaces the Annual Service Return (ASR). All employers must be set up to use MDC by December 2017.

  • Pension grant methodology

    Advice May 2019

    The DfE has calculated that the increase in employer contributions to the Teachers’ Pension Scheme (TPS) from September 2019 to March 2020 will be £848 million and has released information about the grant and a Supplementary Fund.

  • Are you retiring this August?

    Advice March 2016

    Are you looking to draw on your pension benefits between 6 April and 31 August 2016? If so, you might need to apply for protection.

  • Pay and pensions grants

    Advice March 2019

    Academies will continue to receive pay and pensions grants until August 2020 because they are funded on an academic year basis.

  • HM Treasury valuation of Teachers’ Pensions Scheme (TPS)

    Advice March 2014

    This information is an extract from a letter that ASCL has received from the DfE related to the valuation of the Teachers’ Pension Scheme. The letter gives a clear indication of a proposed increase in employer contributions to the TPS.