Private schools have warned of potential fee rises in the wake of the Treasury’s ruling on teacher pension contributions. Some independent schools may be left with “no alternative” but to hike their price, according to the Association of Governing Bodies of Independent Schools (AGBIS). The Telegraph reports.
The majority of private schools are part of the Teachers’ Pensions Scheme (TPS), and from September they will be forced by the Treasury to step up their payments by 48 per cent.
The increase in employer contribution, from 16.48 per cent of teachers’ salaries to 23.6 per cent, will be “unaffordable” for many schools, the Independent Schools Council (ISC) has warned.
In a letter to private school governors, Richard Harman, chief executive of AGBIS, said that one option is for schools to pull out of the scheme altogether.
The letter, seen by The Daily Telegraph, says: “Those schools operating on small margins and with minimal reserves and/or little scope for other cost-savings measures may have no alternative other than either to pass on most of the increase to parents by way of fee increases (and risk making fees unaffordable for some parents) or to leave the Scheme.”
Julie Robinson, general secretary of the ISC, said: “An increase on this scale would make the TPS unaffordable for many schools, colleges and universities – regardless of sector – harming already-strained budgets and ultimately diverting money away from the education of children and students across the country.”
“Schools take issues around affordability very seriously and are acutely aware of the sacrifices families make when choosing an independent education.”
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