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NQT - What's the real take home pay? Pension contributions?

Discussion in 'Pay and conditions' started by anon874, Jul 24, 2010.

  1. Hi all,
    I can't seem to find an answer to my question; what's the take-home pay for an NQT?
    I've found the salary scales information on the TDA website http://www.tda.gov.uk/Recruit/lifeasateacher/payandbenefits/salaryscales.aspx and I will be on SP 1 so that is £21,102 pa. gross (in the "rest of England and Wales") (unless the pay rise for 2010/11 is still valid(?), if so, it would be £21 588) http://www.teachers.org.uk/node/8643 (useful spread sheet of pay scales)

    Using this website http://listentotaxman.com/ I have worked out I will take home £1,373.72 if I had no student loan to pay, and £1,327.95 including student loan payment.
    Can anyone confirm this as being accurate?
    Something I have not accounted for is pension contriutions. In fact, I've been given no information about teachers' pensions, and the TPS seems to have little information. Do all teachers have pension contributions taken off at source automatically? Where can I find more information.
    Thanks in advance for any advice


  2. DaisysLot

    DaisysLot Senior commenter

    www.tesfaq.co.uk - Use the pay calculator....
  3. Teacher Pension contributions are 6.4% taken from pay, so from September, £21588 gives
    Take home £1401.66 (No Student loan or pension)
    £1352.25 (Inc. Student loan, no pension)
    £1260.14 (Inc. Student loan and pension contributions)

    So assuming you are paying student loan, you should receive £1260.14 as you are automatically opted into the teachers pension scheme.

    Teachers pensions information from here ;
  4. coppull

    coppull New commenter

    Those nice public school boys David and George will shortly ensure that you pay more than 6.4% towards your pension,so these figures may be out of date by April 2011.[​IMG]
  5. strawbs

    strawbs Established commenter

  6. jubilee

    jubilee Star commenter

    You are automatically Opted In to the TPS unless you fill in a form to OPt Out, ( not recommended.)
    Although you will have less take-home pay when in the TPS, you do pay less tax and a lower, contracted-out, rate of National Insurance. So not £100 per month into the TPS does not give you an extra £100 in your bank account as your entire eligible pay will be subject to around another 2% NI and the £100 (or whatever amount would have gone to the TPS) is taxed at 20%. You'd only be better off by about £70 or so for every £100 that could have gone into the pension.
    Also, you get a year in the scheme (all years are worth the same when working out your eventual pension) at the cheapest possible cost when you are on the bottom of the payscale. If you Opted Out and then decided to pay more to boost your pension at a later stage, you would have to pay far more to achieve the same payout as the employer will make no conribution to your later top-up.


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