Teachers: Workplace Pensions
Lords · Question HL15954 · Tabled 24 Mar 2026 · Department for Education · Official record
Answered 1 Apr 2026
Question
Asked by Baroness Wolf of Dulwich
To ask His Majesty's Government how much in total was paid to the Teachers' Pension Scheme by (1) teachers, and (2) employers, in (a) 2021, (b) 2022, and (c) 2023; and how much was paid to retired teachers in pension payments in each of those years.
Answer
Answered by Baroness Smith of Malvern, 1 Apr 2026
In the 2020/21 financial year, a total of £2.48 billion was paid by members into the Teachers’ Pension Scheme (TPS), and £6.15 billion was paid by employers over the same period. £9.41 billion was paid to retired members of the TPS within this financial y...