TPS costs may fall – what it means for independent schools

On 19 May, the Government announced the SCAPE discount rate for the 2024 valuation of the Teachers’ Pension Scheme (TPS). Early expectations suggest this could lead to a reduction in employer contribution rates from April 2027.

For independent schools, this could be a significant shift. After years of rising costs and difficult decisions, many schools will be asking whether their current approach still stands, and what they should do next.

Join our webinar on 17 June to explore what the 2024 valuation might mean in practice and how schools can respond with confidence.

In this session, we’ll cover:

• how the pension landscape has changed for independent schools and what we’re seeing across the market.
• what we know so far about the 2024 TPS valuation and how it could affect future costs.
• what a reduction in employer contributions could mean, particularly for schools operating a total reward model.
• the actions schools should be considering now to stay prepared for different outcomes.

You’ll come away with clear insights, and practical steps to help you make informed decisions over the coming months.

Register for webinar

If you can’t join us live, you can still register and watch the session on demand at a time that suits you. If you would like to discuss the themes covered in the webinar, please get in touch.