HMRC will be changing the rate of National Insurance contributions teachers will be paying from April 2016. This is due to the end of contracting-out for defined benefit schemes, including the Teachers’ Pension Scheme. The change will be from D rate to A rate, meaning a higher rate of contributions.
To find out more you can contact HMRC directly, visit www.gov.uk/government/publications/new-state-pension-information-for-employers-and-trustees-with-open-contracted-out-defined-benefit-pension-schemes or ask your employer for further information.
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