Contributions

 

From your feedback, we understand some members question how contributions are made up. We’d like to help by providing you with resources to share with staff.

The Teachers’ Pension Scheme is a Defined Benefit Scheme, registered with HM Revenue and Customs.

Contributions are based on a member’s salary and service rather than investments – so there’ll be no nasty surprises when members claim their pension.

Members should be reminded that as their employer, you will contribute to their pension too, by matching the pension contribution bands for the specific financial year.

Contribution bands usually change annually in April - we’ve created a factsheet listing historic contributions for your records. (PDF, 184 KB)

Members can increase their contributions by opting into Flexibilities, you can find out more about this in our Toolkit.

If you’d like to brush up on your knowledge on contributions, please view our dedicated webpages.

We recommend you guide members to speak with a Financial Advisor if they’re unsure about making contributions to their pension. In the meantime, here’s a list of helpful resources to share with those who have questions.

Factsheet

• Implementing Tiered Contributions (PDF, 196 KB)
   
• Benefits of the Scheme (PDF, 53 KB)

Guide

• Active Teacher Guide (PDF, 14.9 MB)

FAQs

• Contributions and Calculations