The Government first announced plans for a shared ownership right to buy in October 2019. At the time the sector raised concerns about the impact the plans would have on housing associations ability to borrow. An election and a pandemic later the Government announced, during the CIH Housing Festival last week, the return of the right to shared ownership as part of its Affordable Homes Programme (AHP).
The Department for Education introduced regulations earlier this month which make a number of changes to the Teachers’ Pension Scheme including to contribution rates. The employer contribution rate will be increasing from 14.1% to 16.4% with effect from 1 September 2015. Although the regulations themselves come into force on 1 April 2015, the rise in the contribution rate has been delayed until the new academic year to allow employers to budget for the new rates.
Employee contribution rates are also changing with effect from 1 April 2015. These will now be:
|Annual salary rate||Members’ contribution rate|
|£0 - £25,999||7.4%|
|£26,000 - £34,999||8.6%|
|£35,000 - £41,499||9.6%|
|£41,500 - £54,999||10.2%|
|£55,000 - £74,999||11.3%|
These salary bands will increase each year in line with any increase in the consumer prices index for the month of September, rounded up to the nearest £1. Concerns have been raised about the level of employee contributions and the Department for Education has confirmed that these will be revisited when the next evaluation takes place in 4 years’ time.
The Department for Education has also confirmed that the cost of administering the Teachers’ Pension Scheme will in future be paid by participating employers rather than the Department for Education. Again, this change will be introduced from September 2015 rather than April 2015 in order to allow participating employers to budget for this. It is estimated that this will result in an additional charge to employers of approximately 0.08% of salary costs.
For more information
If you have any questions on these proposals or require advice more generally in relation to the Teachers’ Pension Scheme, please contact Doug Mullen on 0121 212 7432 or email@example.com.
Two final pieces of the possession jigsaw have been published on 15 September 2020. Mr Justice Knowles’ working group on possession proceedings has issued its guidance on the “overall arrangements” for possession proceedings.
One change proposed by the Building Safety Bill is the introduction of a duty holder regime, which will see statutory responsibility for the safety of higher risk buildings placed on key individuals
Throughout this pandemic, the Competition and Markets Authority (CMA) has been publishing various “Statements on Coronavirus” (Statements) which provide guidance on consumer rights during this time.
A recent increase in COVID-19 cases in the UK means new measures are being put in place in an effort to reduce the risk of a second wave. Whilst the impact of COVID-19 continues to be felt, it is important to remain focused on the sector’s road to recovery.
Sometimes half an hour at a conference gives you the reality that has been staring you in the face all along. That was my experience watching “Change is on the Horizon”
Following our recent e-briefing on Possession Notices, Helen Tucker and Emilie Pownall from our housing litigation team discuss the impact of the changes on social landlords.
Not only has the possession stay been extended until 20 September, the notice periods to be given to tenants has been extended in certain circumstances with some important exceptions.
The Court has confirmed that a party cannot withhold its consent in order to re-write the original bargain.
Following the Grenfell Tower tragedy, building safety continues to be a key concern for social housing providers and their residents.
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