Overview

The current TPS employer contribution rate of 24% is predicted to rise to 30% from April 2024. 

We also expect the new ‘Phased Withdrawal’ option in Spring 2021, which will  provide another method for managing TPS costs and risks. 

If you need to make changes in the 2022/23 academic year, so that these are in place before contributions increase in April 2024, you need to start planning this academic year.

Replay our webinar to learn about the latest market update, the options available to you and to hear our top tips for implementing pension changes successfully. We were delighted to be joined by Michael Jones from Charles Russell Speechlys, who shared his insights on the key legal issues.

Read our flyer for further information.