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Teachers' pension grant: what you need to know
Learn about how the grant will soon be included in the national funding formula and the most recent allocations of the grant,
From April 2021, funding will be paid through the national funding formulae (NFF)
Funding for your schools' increased pension costs will be included in the schools, high needs and central school services block (CSSB) of the NFF, instead of being a separate grant.
For mainstream academies, a separate grant payment will be still be made in April 2021 to cover the period April to August 2021, and from September 2021 funding will be incorporated into NFF allocations.
This is explained in the guidance available here, under ‘Transition to the national funding formulae’.
The grant provides funding to cover increased pension costs
The employer contribution rate for the Teachers' Pension Scheme increased from 16.48% to 23.6% from September 2019. The government committed to providing £1.5 billion per year to continue funding these additional pension costs from April 2020 through the teachers' pension employer contribution grant (TPECG).
Mainstream academies received the
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