Teachers’ Pension Scheme – strategic issues independent schools need to think about

The significant (and rising) cost of continued membership of the Teachers’ Pension Scheme remains firmly on the agenda for many governing bodies of independent schools.

It is widely expected that a further rise in contribution rates for the TPS will be announced in the findings of the 2020 actuarial review (which is currently underway) with rumours in the sector suggesting an increase to as much as 30% of pensionable salary with effect from April 2024; a cost that is likely to raise challenges for many schools.

In this joint webinar with Succession Wealth, we will provide independent schools with the tools they need to navigate this issue. We will highlight the strategic decisions that school leaders, governing bodies and trustees should be considering over the next 12 months, the various options available, and some of the typical challenges that schools could face.