Teachers’ Pensions have recently finalised and issued their guidance on the new tiered contribution rates effective from 1 April 2012.

But how will it affect your employees. The highest paid employees may see their contribution rate increase by over 37% whilst the lowest remain unaffected.

There is a useful page on the Teachers’ Pension website that contains a contributions increase calculator

The Guidance, which you can find more information and a copy of here Teachers’ Pension Tiered Contributions  looks at the impact and what you should do next.