Teachers will welcome the news that there is no rise to their employee pension contribution this year – rates will stay the same as 2018/2019.
However, there will be a 2.4% increase in the salary bands for the employee’s contribution rates. This reflects the 2.4% rise in the Consumer Price Index (CPI). This means that employees who were at the bottom of the 2018/19 pay bands may, during 2019/2020, pay less into their pension and so should have more money in their pockets. At a time when prices are rising, more money in teachers’ pockets is likely to be very welcome.
The changes to the salary bands are as follows:
Further information
For more information, please contact Doug Mullen.
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