Teacher pension amendments
When the teacher pension rates or Tier change, you may have make the update manually.
Using formulas to calculate Teacher pensions?
The rates are updated in Additions / Deductions.
Changes made in admin are global.
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Open payroll enter the admin login information.
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Go to File > Companies > Teachers Pension Amendments.
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Check the Effective from and enter the new Tier.
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Select OK to save.
Need to make LGPS (Local Government Pension Scheme) amendments?
Find out more
New Rates/Tier
Effective from 1 April 2023
Band | From | To | % |
Tier 1 | 0.00 | 32135.99 | 7.40 |
Tier 2 | 32136.00 | 43259.99 | 8.60 |
Tier 3 | 43260.00 | 51292.99 | 9.60 |
Tier 4 | 51293.00 | 67979.99 | 10.20 |
Tier 5 | 67980.00 | 92687.99 | 11.30 |
Tier 6 | 92698.00 | 0.00 | 11.70 |
Tier 7 | 0.00 | 0.00 | 0.00 |
Tier 8 | 0.00 | 0.00 | 0.00 |