Contribution forecasts have only been calculated to year ending 31 March 2017. These are included in the following table and have been taken from the latest forecasts provided to the Office for Budgetary Responsibility (OBR). The OBR forecasts have been adjusted to take into account contributions received from the independent sector. These figures do not taken into account contribution changes that might occur as a result of changes to the Teachers' Pension Scheme as these are not yet known.
|Year ending 31 March ||Employer contributions (£ billion) |
|2013 ||3.00 |
|2014 ||3.03 |
|2015 ||3.11 |
|2016 ||3.20 |
|2017 ||3.30 |
It has been assumed that 10% of the contributions received relate to the independent sector for each year. This is in line with current levels.