TEACHER'S PENSION ADVICE - Additional contributions to mitigate losses from coming out of TPS?

hyubh

Marcon said:

Sandwedge135 said:

Thank you @macron & @hugheskevi

So actually from the new school's perspective, their contribution to my Aviva of 16.7% isn't too far from the 18% they would be contributing if I was in the TPS? (I agree @Macron using the April 2024 TPS figure of 28.68% contributions seems more compelling but they might see through that quite quickly, no?)

Depends how recently the school left membership of the TPS and whether they have anyone with a firm grasp of pension funding, which - to put it bluntly -  is not exactly a racing cert

Although, why should they... the TPS from an employer perspective is accounted for the same way as a DC scheme (employer contributions as an expense, not the pension promise as a liability). It's not like having their own DB scheme, or even, participating in the LGPS. So just looking at the employer contribution is a reasonable way to go, IMO...

so worth a go

Agreed