Teachers' Pensions

Paying in

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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 changed on 1 April 2017 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 2015 – 31 March 2017 Annual Salary Rate for the Eligible Employment from 1 April 2017  Member Contribution Rate 
 Up to £25,999.99  Up to £26,259.99  7.4%
 £26,000 to £34,999.99  £26,260 to £35,349.99  8.6%
 £35,000 to £41,499.99  £35,350 to £41,914.99  9.6%
 £41,500 to £54,999.99  
£41,915 to £55,549.99
 £55,000 to £74,999.99  £55,550 to £75,749.99  11.3%
 £75,000 and above  £75,750 and above  11.7%

How your pension is made up

Benefit Statement

Increasing your pension

Payment refunds

Tax and National Insurance

Last Updated: 19/05/2017 10:20


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Planning Retirement