Rising costs of employment for independent schools
What are the key factors leading to the increased cost of employing school staff?
- The 2.3 percentage point increase in employer contributions into the Teachers' Pension Scheme from September 2015
- Auto-enrolment pension obligations
- Increase in the statutory minimum wage for those aged 25 and over (the National Living Wage) from April 2016
- Many employers opting into the voluntary Living Wage
- Increases in employer NI contributions due to the introduction of the single tier state pension and the abolition of contracting out from April 2016
- The apprenticeship levy (payable when payroll exceeds £3m) from April 2017
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