With the 2024/25 financial year having concluded, academy trusts and other employers participating in the Teachers’ Pension Scheme (TPS) must prepare for the submission of the End of Year Certificate (EOYC) for the period ending 31 March 2025. Concurrently, from 1 April 2025, revised member contribution bands and rates have been implemented.
End of Year Certificate (EOYC) submission requirements
The EOYC is a mandatory annual return that reconciles the pension contributions deducted and remitted throughout the financial year. Employers are required to:
- Utilise the Correct EOYC template: Ensure the latest version of the EOYC template is used, as provided by Teachers’ Pensions.
- Submit by the deadlines: Complete and submit the unaudited and audited EOYC by the specified deadlines.
- Attend training sessions: Teachers’ Pensions offers training webinars and drop-in sessions to assist employers in accurately completing the EOYC. Participation is highly recommended, especially for those new to the process.
Note: The process overview, with a supporting EOYC recording can be found on the Techers’ Pension For Employers page, getting ready for the end of year certificate process.
- Resolve submission mismatches: Prior to submission of the unaudited return, employers are to address any outstanding mismatches in monthly data submissions to ensure accurate reconciliation. The final reconciliation providing data on what should have been paid, with a balance due to or recoverable from TPS, for any differences to amounts actually paid during the year.
Note: A few areas where mistakes can commonly happen are, during periods of maternity/paternity leave, payment of overtime, and making back pay adjustments.
Changes to member contribution bands and rates effective 1 April 2025
In alignment with the 1.7% increase in the Consumer Price Index (CPI) to September 2023, the TPS adjusted the member contribution salary bands accordingly. Additionally, contribution rates for most bands increased by 0.3%, except for the lowest band, which remains unchanged.
The updated salary bands and corresponding member contribution rates from 1 April 2025 are as follows:
Annual Salary Rate for the Eligible Employment from 1 April 2025 | Member contribution Rate from 1 April 2025 |
Up to £34,872.99 | 7.4% |
£34,873.00 to £46,943.99 | 8.9% |
£46,944.00 to £55,660.99 | 9.9% |
£55,661.00 to £73,768.99 | 10.5% |
£73,769.00 to £100,590.99 | 11.6% |
£100,591 and above | 12% |
Employers must apply the correct contribution rate based on each employee’s actual annual salary rate for the specific employment. It’s important to note that for employees with multiple roles, each employment is assessed separately for contribution purposes.
Employer contribution rate
The employer contribution rate for the Teachers' Pension Scheme will be 28.68% from April 1, 2025, including the 0.08% administration levy. An additional 5% from the rate in 2023-24 of 23.68%.
Action points for employers
To ensure compliance and readiness for these changes:
- Review and update payroll systems: Adjust payroll systems to reflect the new member contribution bands and rates effective from 1 April 2025.
- Communicate changes to staff: Inform employees about the upcoming changes to their pension contributions and how it may affect their take-home pay.
- Participate in training: Engage in the training sessions provided by Teachers’ Pensions to gain clarity on the EOYC process and requirements.
- Ensure timely submission: Prepare and submit the EOYC by the stipulated deadlines, ensuring all data is accurate and reconciled.
The next step
If you have any questions, please reach out to Luke Grubb or your usual UHY academy adviser.
