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TUPE and Local Government Pensions Schemes (LGPS) when transferring to a School Cleaning Company

School Cleaning Company

 

TUPE and Local Government Pensions Schemes (LGPS) when transferring to a School Cleaning Company

 

What problems could there be? Firstly a lot of schools are normally with councils, although some have moved away. This may cause issues especially around pension contributions and existing pension pots being in the LGPS. For encumbering companies there is an initial fee to access the pensions also the pension rate is higher normally around 23% compared to standard private sector pensions being 3%.

 

Although this can be quite challenging for clients to find a way out of these conditions there are various resolutions around these issues which we talk about in more details on calls, firstly the encumbering company can pay the fees to get into the LGPS pension or they can find a matching pension which offers exactly the same terms and the LGPS.

 

Each contract that comes on board has specific needs and is best to speak face to face to establish exactly what you require. You can CONTACT US  and we will be happy to help!

 

If you are considering any of our services or would like more information why not book a video call so we can establish more details of what you require.

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