Update following Teachers’ Pension Scheme valuation

Teachers' Pension Scheme

As a result of the current valuation of the Teachers’ Pension Scheme, the Government has determined that the employer contribution rate should increase to 23.68%.

This change takes effect from 1 September 2019 (which includes the administration levy of 0.08%) and this can be budgeted in your SBS Online Budget Management Software under the Superannuation page.

Further to this, the Department for Education has a consultation looking at the support for the Teachers’ Pension Scheme increase and there will be more information soon.

For more information on the Teachers’ Pension Scheme visit the Teachers’ Pensions website.

As always, if you have any queries please contact the SBS Online Service Desk on 0345 222 1551 • Opt 8 or alternatively email the team at sbsonline@schoolbusinessservices.co.uk

Annual Budget Forecast 2017

Flaming June

This week’s school finance updates include:
- Academies Budget Forecast Return
- Local Government Pension Schemes
- Teachers’ Pension Scheme


May Returns

Not some political prophecy, but a look at this month’s academy returns.

Academies are reminded that their Budget Forecast Return – Outturn must be submitted by Friday 19th May.


The DfE, SARA and what it means for academies

The DfE, SARA and what it means for academies

In this blog we look a little deeper into why academies are required to complete additional financial returns and catch up on other EFA news:
- New Sector Annual Report and Accounts (SARA)
- Insurance top-up funding
- Condition improvement fund
- Monthly data collection for TPS


Marching On!

In this week’s blog we remind you what is in the EFA Planner prior to Easter and look at some changes to business rates and pensions that will come into force shortly. From the EFA Planner Action: academies to determine admission arrangements Deadline: academies admission appeals timetable by 28 February Deadline: academies to submit full […]


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