Every four years, the Government’s actuary department performs a valuation of all public service pension schemes, including the Teachers’ Pension Scheme (TPS). The rationale of the valuation is to assess the cost of pensions being provided to members of each scheme and to establish suitable employer and employee contribution rates.
National recommendations / statutory requirements to teachers pay scales can sometimes become confusing, that’s why today we’re going to catch you up on all the changes to teachers pay since 2018. On 1 September 2018 changes to the School Teacher’s Pay and Conditions Document (STPCD) came into effect with central government announcing changes to inflationary pay range uplifts for three groups: main pay / unqualified teachers, teachers on the upper pay range and members of the leadership team. In addition to this, the DfE announced a teachers’ pay grant to help support rising costs due to the recommended pay lift. This affected each school differently based on their original budget and a range of other factors.
This year the IR35 guidelines came into force. IR35 is a set of guidelines that employers must now follow when engaging ‘intermediaries’ for goods and services. These guidelines have been introduced by the government to tighten the controls around employer responsibilities, ensuring the correct application of Pay as you Earn (PAYE) and National insurance(NI) contributions.
The guidelines relate to the decision which must be made as to whether the individual is an employee, and thus paid through the payroll subject to PAYE and NI, or a sub-contractor, paid by invoice.
Effective from 1st April 2017 employers with over 250 staff are required to begin collecting data to report on the gender pay gap, which simply put is the difference in aggregate hourly pay between men and women under their employment.
However, if you employ less than 250 staff, you can still voluntarily report on the gender pay gap criteria, although, this is not currently a mandatory requirement.
Transform Trust is a multi-academy trust that was formed in 2013. Based in Nottingham, it currently has fifteen academies and 826 employees.
Payroll management is a complex and specialist area, with errors arising from:
It is vital to take steps to ensure your team is paid accurately and on time every month. How do you do that? Avoid these common pitfalls, and you'll be on the right path.