pension

You may be an independent school teacher who is concerned with being withdrawn from the Teachers’ Pension Scheme (TPS). All schools, including independent schools, are facing a 40% rise in employer pension contributions towards the TPS. The Department for Education (DfE) has said it will fund this increase for state schools until the next spending review, however, independent schools must fund it themselves.

Teachers’ Pensions is the organisation responsible for administering the scheme on behalf of the Department for Education (DfE). You can sign up as soon as you start teaching and receive a Teachers’ Pension number.