Private school teachers face first pension increase for 10 years

Private school teachers face first pension increase for 10 years. Teachers at independent schools will be asked to pay higher contributions into the Teachers’ Pension Scheme (TPS) for the first time since 2015.

A consultation launched this month is recommending all teachers, bar those those on the lowest salary band, pay a third of a percentage point more from next April to help plug a shortfall in the scheme.

Secondsight associate director Richard Evans said: “This announcement could come as a surprise to many who have been used to schools picking up the cost on the TPS rather than teaching staff.

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IFA Magazine