From 2021 to 2022, funding for both the 2018 and 2019 teachers’ pay awards and the increase in employers’ pension costs from 16.4% to 23.6% in September 2019 will be paid through the schools and high needs national funding formulae (NFF), instead of as separate grants.
The DfE has published details which indicate the additional funding schools will attract through the NFF is as close as possible to the funding they would have received for these two grants had they continued separately.
Teachers’ Pay Grant:
Teachers’ Pension Employer Contribution Grant:
Contact us for school and academy finance advice and consultancy, including support with budget planning, monitoring and review and/or advice on effective allocation of resources.
Campion has been busier than ever throughout the pandemic and we have safe and effective arrangements in place to ensure school and academy business can continue despite barriers created by COVID-19.