Skip to main content

Scheme hub

Teachers’ Pension Scheme

The Teachers’ Pension Scheme covers state-school teachers in England and Wales, around 720,000 active members and about the same number of deferred ones. Most teachers are now accruing in the 2015 career-average section at 1/57 a year, but a lot of long-serving teachers still hold final-salary benefits in the 2007 (NPA 65) or pre-2007 (NPA 60) sections too.

Start here

Teachers’ Pension Scheme: plain-English guide for 2026/27

The full plain-English guide for this scheme, what it is, how the sections fit together, what you contribute and what you get out.

What members usually ask

Am I in final salary or career average?
Depends on when you joined and your age on 1 April 2012. McCloud has now also given pre-April-2022 service a choice between the two.
How much am I paying in?
Contributions are tiered by full-time-equivalent salary, between 7.4% and 11.7% in 2026/27.
What is Phased Retirement?
You can take part of your pension while continuing to teach, subject to a 25% drop in pensionable pay during the phase.
Why does the administrator keep changing?
Capita are handing scheme administration to TCS in 2026; this is causing some service disruption during the transition.

Latest in this scheme

Free: the Pension Statement Decoder

Plain English on what your annual statement is actually telling you. Subscribe and we’ll send it, plus one short email every two weeks. No sales, unsubscribe whenever.