If you're an eligible teacher in a Further Education (FE) college, you can claim a Targeted Retention Incentive Payment for teaching in high-demand subject areas such as building and construction, chemistry, computing, early years, engineering, maths, and physics. This is a fantastic opportunity to receive between £2,000 and £6,000 for the 2024–2025 academic year!
When to Apply
Applications open on 14 October 2024, and you must submit your claim by 31 March 2025. You’re eligible to apply if you’re within the first five years of your FE teaching career. Be sure to check the eligibility timeline based on when you first started teaching in FE.
What You’ll Get
You can receive between £2,000 and £6,000, depending on the number of hours you teach and the level of disadvantage at your provider. Teachers at FE colleges with higher levels of disadvantage receive higher payments. The payment is made in one lump sum each year.
Are you eligible
To be eligible, you must:
• Be employed as an FE teacher in England by an eligible provider.
• Be in your first 5 years of teaching FE courses at Level 3 or below.
• Teach at least 2.5 hours per week, with at least half of your teaching focused on 16- to 19-year-olds.
How much you could get!
The payment ranges from £2,000 to £6,000 depending on teaching hours and contract type.
Payments are also subject to tax and National Insurance deductions.
Where to find out more
For more information, https://www.gov.uk/guidance/targeted-retention-incentive-payments-for-fe-teachers
OR
OR visit your institution's HR office for details.
Don't miss this great opportunity to boost your income while teaching in critical subject areas!
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