Further to our request for feedback on Mutual Fund Contribution rate preference for 2025-26 Administration 154: Schools Mutual Fund 2025-26 – Support for schools and settings, the majority of the schools who responded have stated a preference for staying with the current rates.
There is significant risk to the viability of the fund involved in making proposed changes to rates going forward and we need to fully consider, and model, this as a board. Because of this the Mutual fund will stay at the current rates from 1st April 2025 to 31 March 2026 (subject to normal rate increases where applicable).
This will give time for the mutual fund board to look carefully at options over the next few months to make an informed decision on changes from 1st April 2026. The current premium and reimbursement rates will also still be available from 1st April 2026 (subject to normal rate increases where applicable).