Teachers' Pensions
Factors and Guidance

Factors and Guidance

september 01

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

As well as providing the factors we've received, we have also identified those we're still waiting for.

Please be advised that factors are subject to change. Teachers’ Pensions will use the factor that is in effect at the date of our final calculation, which may lead to differences between the final calculation and estimate quotes which used factors that have since been superseded. 

Latest Scheme Factors

The latest factors for all calculations is provided in an Excel document – Latest Scheme Factors.

The scheme actuary is in the process of providing updated guidance and example documents referring to the latest factors. In the meantime, the following links can be used but please note the guidance and examples use the old factors.



Additional Pension

Buy Out

Faster Accrual

Outstanding contributions in respect of Past Added Years - additional Family Benefits contracts



Early Retirement

Late Retirement

Premature Retirement

Lump Sum Conversion

Trivial Commutation


Family Benefits

Purchasing additional benefits for dependents



Cash Equivalent Transfer Value

Transfers-in on a non-Club basis

Club memorandum plus Scheme specifics

For more information please visit the website below:




Pensions on divorce

Pensioner cash equivalents on divorce


Annual Allowance - Scheme Pays

Factors for members making a scheme pays election before 16 March 2016.

Scheme pays election

Guidance for members in the Final Salary 2010 arrangement making a ‘scheme pays’ election on or after 16 March 2016

Final Salary election

Guidance for members in the Career Average 2015 arrangement making a ‘scheme pays’ election on or after 16 March 2016.

Career Average election


Lifetime Allowance

This guidance relates to members who exceed the Lifetime Allowance (LTA), giving rise to a tax charge paid by the Teachers' Pension Scheme, where the LTA reduction is calculated on or after 1 June 2016. The member’s benefits are reduced in accordance with factors based on the person’s age at the payable date.

Where an LTA reduction is calculated on or after 1 June 2016 

Last Updated: 16/05/2019 15:55


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