Teachers' Pensions
Annual Benefit Statement

Annual Benefit Statements (ABS)– Understanding your statement and contribution rate

Annual Benefit Statement’s which contain an estimate of your service and salary details up to 31 March 2014 have started to be distributed to your employers. We’re required to send these by 31 March 2015, so if you haven’t received yours by the middle of April please ask your employer for further information.

The ABS is an important document as it’s vital you understand the value of your pension and the benefits you’re entitled to. The data is sent via your employer and is accurate to the best of our knowledge. If you identify any errors please contact the relevant employer to check their records and ask them to notify us of any changes. Please note you won’t receive a statement if:

  • You’re re-employed
  • In your first two years of teaching
  • Currently in mixed service.

Please contact us on 08456 066 166 or email tpmail@teacherspensions.co.uk if you fall into one of these groups and would like more information.

This is the last year you’ll receive a paper ABS, so if you haven’t already, please sign up to My Pension Online (MPO), the online PIN protected portal that lets you check and manage your personal pension information online. You can complete a range of tasks including updating their personal details and completing online forms. Sign up quickly and easily by visiting our website here.

Contribution rates

The contributions that were payable between 1 April 2013 and 31 March 2014 were:

Salary

Member Contribution Rate

Up to £14,999

6.4%

£15,000 - £25,000

7.0%

£26,000 - £31,999

7.9%

£32,000 - £39,999

8.8%

£40,000 - £44,999

9.2%

£45,000 - £74,999

10.1%

£75,000 - £99,999

10.6%

£100,000 and above

11.2.%

The current contributions (payable between 1 April 2014 and 31 March 2015) are:

Salary

Member Contribution Rate

Up to £14,999

6.4%

£15,000 - £25,000

7.2%

£26,000 - £31,999

8.3%

£32,000 - £39,999

9.5%

£40,000 - £44,999

9.9%

£45,000 - £74,999

11%

£75,000 - £99,999

11.6%

£100,000 and above

12.4%

From 1 April 2015, the contribution rates are changing. For more information about the changes to your contributions click here.

Annual Salary Rate for the eligible employment

Member Contribution Rate

Up to £25,999.99

7.4%

£26,000 to £34,999.99

8.6%

£35,000 to £41,499.99

9.6%

£41,500 to £54,999.99

10.2%

£55,000 to £74,499.99

11.3%

£75,000 and above

11.7%

 

Last Updated: 10/07/2017 12:10

Related Information

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