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Independent School Pensions - Employer contributions?

Discussion in 'Independent' started by diddydave, Mar 6, 2020.

  1. diddydave

    diddydave Established commenter

    Does anyone with a pension scheme, other than with the TPS, know how their 'new' schemes calculate their employer contribution?

    I.e. Is it a fixed amount or % of the salary, or do any of them base the calculation on the employee contribution?
     
  2. dts

    dts Occasional commenter

    The Aviva scheme, which seems to be very popular, calculates employer contribution as a percentage of salary - in the illustrations I've seen it's been set at the 16.4% that TPS was using until September, although there's nothing to stop the employer changing that. In principle there's nothing to stop a school "matching" employee contributions up to a certain level, but I haven't heard of any going down that route.
     
    diddydave likes this.
  3. caterpillartobutterfly

    caterpillartobutterfly Star commenter

    Ours is 16.4% for now...to sweeten the blow.
    However some is taken as admin, but I can't remember how much.
     
    TheoGriff and diddydave like this.
  4. MrsBridgewater

    MrsBridgewater New commenter

    Ours will put 8.4% into the pension the remaining 8% of the previous 16.4% will be available to be taken as 'a pay rise' (their words not mine) or to be paid in to the pension pot.
     
    diddydave likes this.

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