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TPS Teachers Pension Scheme: can you help me understand faster accrual vs additional pension ?
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I've not heard of salary sacrifice in an educational setting (at least not in England); how common is it? I know it occurs in other forms of employment but nobody I know in the teaching sector seems familiar with it.
There is no honour to be had in not knowing a thing that can be known - Danny Baker0 -
TPS and USS (universities) are both salary sacrifice. So SS is the norm. I suspect people might not be familiar as with DB schemes, people are generally less aware of the finer details.zagubov said:I've not heard of salary sacrifice in an educational setting (at least not in England); how common is it? I know it occurs in other forms of employment but nobody I know in the teaching sector seems familiar with it."Real knowledge is to know the extent of one's ignorance" - Confucius1 -
Yes, I am in the USS and my contributions (or more accurately my employer contributions) to both the DB and DC parts of the scheme are definitely Salary Sacrifice1
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