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Additional teachers’ pension funding from April 2024

The Department for Education (DfE) has secured £1.25 billion to support eligible settings with the increased teachers’ pension scheme employer contribution rate in financial year 2024 to 2025.

This will mean additional funding overall of:

  • £923.7 million for mainstream schools
  • £136.4 million for high needs
  • £61.2 million for 16 to 19 education
  • £84.8 million for further education
  • £34.7 million for early years
  • £9.3 million to local authorities for centrally employed teachers, including those employed in local authority-based music hubs.

The DfE have published the details of additional funding for mainstream schools, high needs and local authorities with centrally employed teachers

The DfE will distribute additional funding through existing teachers’ pension employer contribution grants for schools and academies with sixth forms and further education settings. They aim to update our schools and academies with sixth forms information by the end of April 2024.

Additional funding for early years is already included in the published core rates for 2024 to 2025