Pensions

The pension section helps you understand the Teachers’ Pension Scheme – whether you’re still in the final salary section or were transferred to the new career average section in April 2015. Teachers employed directly by academies, sixth form colleges and in local authority maintained schools join automatically. The section also contains information on the Local Government Pension Scheme and state pensions.

pensions

Salary bands for TPS employee contributions April 2017

Salary bands for TPS employee contributions April 2017

From 1 April 2017 the contribution bands for employee pension contributions to the Teachers’ Pension Scheme are rising by 1 per cent. Click here to see how it will affect you.

State Pension Age Increase for Women - March 2016

This contains information on the increase in state pension age for women, finding the state pension age and getting a state pension forecast.

New State Pension Summary – March 2016

A new single-tier pension system is being introduced in April 2016. This document summarises the main provisions for NUT members.

State Pension Age Review 2017

The Government has announced that John Cridland, former Director-General of the CBI, will head the Government’s review of the state pension age, which will report by May 2017.

National Insurance Contributions April 2016

From 6 April 2016, National Insurance Contributions will rise from 10.6 per cent to 12 per cent on earnings between £5,824 and £40,040 for those employed in the Teachers’ Pension Scheme and Local Government Pension Scheme.

Pension Increase 2016

The Government has confirmed that there will be no increase to teachers' pensions in April 2016.

Indexation of TPS Career Average Pensions April 2016

The Government has confirmed that career average pension rights for members in teaching will be increased by 1.5 per cent in April 2016.

Career Average Scheme Key Issues

This guidance gives details on the career average pension scheme introduced from April 2015 for most members, how career average works, an overview of the scheme and the transitional protection arrangements.

Teachers' Pension Contributions 2015

Details of the Teachers' Pension Scheme contribution structure for 2015. The new structure is based on six contribution tiers, but members will still pay an average of 9.6 per cent. Contributions will be based on a member's actual salary rather than full-time equivalent salary.

Pension Transfers between UK Teachers' Pension Schemes

Pension transfers between Teachers' Pension Schemes in E&W, Scotland, Northern Ireland, Isle of Man, Guernsey and Jersey. As a result of the Government's pension changes, current scheme members will have until 31 March 2017 to arrange a transfer on favourable Public Sector Transfer Club rules.

Changes to the State Pension Age September 2014

The effect of the Pensions Act 2011 and Pensions Act 2014 on the state pension age. The 2011 Act accelerated the increase to 65 for women and 66 for both men and women. The 2014 Act brought forward the planned increase to 67 by eight years, affecting members currently in their mid-forties to early-fifties.

Comparison of payments into and from the Teachers’ Pension Scheme - Technical Note

This note explains the basis for the NUT's calculations on payments into and from the Teachers' Pension Scheme (TPS) since its establishment in 1923.

To see how we've calculated this, please have a look at the accompanying technical note.

Local Government Pension Scheme

Details on the career average scheme for LGPS members introduced from April 2014 – overview of the scheme, how career average works and contribution rates.

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