Monthly Archives: May 2014

Annal Nayyar and fis-edsolutions ltd blogs on Departmental advice to help schools and governing bodies review and revise school leaders’ and teachers’ pay and conditions

The advice is to help schools and governing bodies and  provided by the DfE and is helpful for school leaders

It assists in developing  their own process for making decisions on teachers’ pay in relation to the ‘School teachers’ pay and conditions document (STPCD) 2013’

Set the pay of school leaders and make other changes in relation to the ‘Interim school teachers’ pay and conditions document 2014’

The advice ‘Reviewing and revising school teachers’ pay’ is specific to school teachers and supports the STPCD 2013.

The advice ‘Changes to school teachers’ pay and conditions 2014’:

covers changes which come into effect from 1 September 2014 to school leaders’ pay

Covers other changes that affect teachers’ allowances and conditions of service arising from the STRB 23rd report

supports the interim STPCD 2014

https://www.gov.uk/government/publications/reviewing-and-revising-school-teachers-pay

 

would whole hearted recommend Fis-EdSolutions as I believe the school receives excellent value for money. I feel one step ahead and the unwelcome surprises are fading away. I have peace of mind, a quality I find priceless.

As a newly appointed first time Headteacher, I was very keen to audit the financial procedures within the school. Annal Nayyar was recommended to me by a local Headteacher, who had been in a similar situation.   I can honestly say this was one of the best decisions I made and have not looked back.

After carrying out an internal audit, Annal very quickly worked with the finance team to put in place robust financial procedures, while providing quality training for staff, Governors and the SLT.  Our journey within one year has been remarkable, with our paperwork and systems working exactly as they should.

I would whole hearted recommend Fis-EdSolutions as I believe the school receives excellent value for money.  I feel one step ahead and the unwelcome surprises are fading away

Fis-edSolutions ltd and Annal Nayyar report on Employers National Insurance contributions set to change with Contracting-out status for defined benefit pension schemes set to end wef 6 April 2016.

The changes announced in the DWP White Paper ‘single-tier pension – a simple foundation for saving’ will be considered for Royal Assent in Spring 2014. If Royal Assent is given it will mean that the contracting-out status will be removed from Defined Benefit schemes with effect from 6 April 2016.

See here for further details http://www.hmrc.gov.uk/nic/count-bull-contract1.pdf

Fis-edSolutions ltd and Annal Nayyar report on the proposed Employers Contribution to the Teachers Pension set to increase from September 2015

HM Treasury (HMT) has published the final Directions and the expected outcome of the Teachers’ Pension Scheme valuation is a total contribution rate of 26%. The Teachers’ Pension Scheme proposed final agreement provides that scheme members will pay an average contribution rate of 9.6%, with the balance falling on employers; meaning that the new Scheme employer contribution rate will be 16.4% which will be payable from September 2015.Until then the existing rate of 14.1% will be payable.

The rate will be confirmed when the scheme’s actuary finalises the detailed report in May, although it is not expected to change materially. The Department for Education will be consulting in April on implementation of the new contribution rate. The new employer rate will be payable until the outcome of the following valuation is implemented, which is expected to be April 2019. See here for further details https://www.teacherspensions.co.uk/news/employers/2014/03/teachers-pension-scheme-tps-actuarial-valuation.aspx

Annal Nayyar provides an update on the Academies Capital Maintenance Fund

The EFA provides maintenance funding for academies to improve the condition of school buildings and expand facilities. Round 1 of the funding application process is closed but further information about applying for round 2 will be available in late spring 2014. Funding allocations will be announced in October 2014. See here for further details https://www.gov.uk/academies-capital-maintenance-fund

Annal Nayyar and Fis-edsolutions ltd provides an update on the Priority School Building Programme

On 1 May 2014, the Minister of State David Laws announced the Government’s plans for a second phase of the Priority School Building Programme (PSBP).

The new phase, to be valued at around £2 billion, will run over the next Spending Review period, from 2015 to 2021. The original Priority School Building Programme worked on the basis of the condition of the school site as a whole. The Minister announced that the new phase will now refine this to look at targeting individual school buildings, as well as whole school rebuilds where this is appropriate. See here for further details https://www.gov.uk/government/publications/priority-school-building-programme-2-psbp2

Annal Nayyar and Fis-edsolutions ltd provides an update on the Sponsor Capacity Fund

DfE announces Sponsor Capacity Fund (SCF) for Academy Sponsors – a one off fund of £75,000. See here for further details https://www.gov.uk/sponsor-capacity-fund

Fis-Edsolutions ltd is a professional and quality service, committed to providing value for money. Reports they produce are very easy to read and understand so that all members of the governing body have a clear picture of the school finances.

Fis Edsolution is a professional and quality service, committed to providing value for money.

Reports they produce are very easy to read and understand so that all members of the governing body have a clear picture of the school finances.

Fis-edsolutions ltd blogs – Teachers’ Pension Scheme (England & Wales) as published

This Estimate provides for the payments of pensions and lump sum benefits to persons covered by the

Teachers’ Pension Scheme (TPS). The rules of the scheme are contained in the teachers pension regulations

1997 (as amended). The scheme is an unfunded, contributory, public service occupational pension scheme and

applies mainly to teachers employed in schools in England and Wales and their dependants. Provision is made

for the refund of contributions to early leavers, and for the payment of and receipt of transfer payments in

respect of teachers moving out of and into employment covered by the scheme. The Estimate also includes the

increase payable in accordance with the Annual Review orders made under Section 59 of the Social Security

Pensions Act 1975 and Section 109 of the Pensions Schemes Act 1993.

 

Teachers’ Pension Scheme (England and Wales) Main Estimate

 

 

Fis-edsolutions ltd and Annal Nayyar reports on capital opportunity for schools via the DfE

The Department for Education (DfE) has announced that it will fund a further phase of the Priority School Building Programme. Around £2 billion will be made available. The intention is to undertake major rebuilding and refurbishment projects to address the needs of those schools in the very worst condition.

Local authorities, dioceses, academies, and multi-academy trusts (depending on the nature of the school) can submit expressions of interest for an entire school site or for one or multiple individual buildings. DfE and Education Funding Agency (EFA) anticipate that the bar for inclusion within the programme will be high. To that resources are targeted at those schools in the very worst condition DfE and EFA would expect each body to submit expressions of interest for a small number of high priority projects.

 

https://www.gov.uk/government/publications/priority-school-building-programme-2-psbp2/priority-school-building-programme-2-application-guidelines#priority-school-building-programme-2—application-gui