Teachers Pensions Band Increase | 1st April 2020

This article has been brought to you by Slough Borough Council's Service Lead for Schools, Johnny Kyriacou and Slough Borough Council's Service Lead for People, Surjit Nagra. This is for the attention of School Headteachers and Finance Managers.

As per the rate of Consumer Price Index (CPI) rose by 1.7% in the year to September 2019, the salary bands for contribution rates for members will increase accordingly with affect from April 2020. Please see the following table as follows for the new financial year commencing 1st April 2020:

Annual Salary Rate for the Eligible Employment from 1 April 2019 - 31 March 2020 Annual Salary Rate for the Eligible Employment from 1 April 2020 Member Contribution Rate
Up to £27,697.99 Up to £28,168.99 7.4%
£27,698 to £37,284.99 £28,169 to £37,918.99 8.6%
£37,285 to £44,208.99 £37,919 to £44,960.99 9.6%
£44,209 to £58,590.99 £44,961 to £59,587.99 10.2%
£58,591 to £79,895.99 £59,588 to £81,254.99 11.3%
£79,896 and above £81,255 and above 11.7%