Factors and guidance

This section has been created so you can easily access all information required regarding the various factors used within the Teachers' Pension Scheme.

Please be advised that factors are subject to change. We'll use the factor that is in effect at the date of our final calculation, which may lead to differences between the final calculation and estimates and quotes based on older factors that've been superseded at the time of calculation.

Latest Scheme Factors

The latest factors for all calculations are provided in an Excel document – Latest Scheme Factors. These factors are based on a discount rate of 2.4%.

The scheme actuary is in the process of providing updated guidance and examples using the latest factors. We’ll add this as and when we receive it, while also providing the link to the old guidance for those factor sets for which we've yet to receive an update. Please note that for those factor sets for which only the old guidance is available old factors are used.

Latest Guidance

We've updated guidance and examples, using the latest factors, for the following sets:





Club Transfers

For more information on Club Transfers please visit the website below:


Actuarial valuation

Last Updated: 31/03/2022 14:04


Read our Completing the Declaration and Contact form factsheet.



How to administer the scheme.



Read our Salary Link and Overtime factsheet.