Teachers' Pensions
Paying in

Paying in

jar of coins

Your contributions are based on the amount you earn each month, so if you earn more in a month than you earned the previous month your contributions may go up.

The good news is that your employer will also be contributing towards your pension too and you’ll receive tax relief on your contributions. Your career average benefits accrue each year based on 1/57th of your pensionable earnings for that year including any overtime. For every year you’re in service the amount of pension ‘banked’ in a year is increased. If you leave service it’s increased but at a lower rate.

The pension contribution bands change on 1 April 2019 and the revised bands are shown in the table below (along with the previous bands so you can see where the changes have occurred). They usually change each April (keep an eye on the website, and we’ll announce any changes with plenty of notice).

Annual Salary Rate for the Eligible Employment from 1 April 2019 Annual Salary Rate for the Eligible Employment from 1 April 2020  Member Contribution Rate 
Up to £27,697.99 Up to 28,168.99  7.4%
£27,698 to £37,284.99 £28,169 to £37,918.99  8.6%
£37,285 to £44,208.99 £37,919 to £44,960.99   9.6%
£44,209 to £58,590.99 £44,961 to £59,587.99   10.2%
£58,591 to £79,895.99 £59,588 to £81,254.99   11.3%
£79,896 and above £81,255 and above  11.7%

How your pension is made up

Benefit Statement

Increasing your pension

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Tax and National Insurance

Last Updated: 12/03/2020 13:25

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