Phased withdrawal - Independent schools

From 1 August, the participation rules have changed to allow for the phased withdrawal of independent schools from the Teachers’ Pension Scheme (that might otherwise have fully left the Scheme).

Phased withdrawal refers to freezing the membership in a "phased withdrawal school" at a particular point in time. No new entrants will be allowed to join the Teachers’ Pension Scheme except for a bulk TUPE transfer from another participating school.

If you’re an employee of such a school and currently paying contributions in the Teachers’ Pension Scheme, you’ll remain an active member of the Scheme. There are no changes unless you opt out of the Scheme or leave employment. We’ve created guidelines to help you understand how these changes could then impact on you.

When an employer advises that they’re moving to phased withdrawal, we’ll contact members and provide the above guidelines to help them understand the changes. Please make sure that your contact details are up to do date – if they aren’t please log in or register to your My Pension Online account and update.

We’ll be providing more information on phased withdrawal schools with a specific section on our website so please keep in touch with our member news for more information.

If you require further clarification, in the first instance you may wish to discuss this with your employer. Further information about the Teachers’ Pension Scheme can be found on our website (This link opens in a new window).

 

Last Updated: 27/08/2021 13:01