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What do I pay?

coinsAs a member of the Teachers Pension Scheme, your contributions are dependant on your salary bracket.  See the table below for details. 

 

    

Full time equivalent pensionable pay

Contribution rate from 1 April 2017

  Up to and including £26,259 7.2%
  £26,260 to £35,349 8.7%
  £35,350 to £41,914 9.7%
  £41,915 to £55,549 10.4%
  £55,550 to £75,749 11.5%
  £75,750 and above 11.9%

 

Your employer pays 14.9 % (as at 1st April 2009).  You will receive income tax relief on your contributions. The Government Actuary reviews these rates at regular intervals.

Your employer will deduct contributions from your monthly salary and will pay all contributions direct to the SPPA each month. It is important that you make sure that the correct amounts have been deducted. If you think an error has been made, contact your employer immediately.

Link to Scottish Government Website