Latest News The latest news and views covering the Teachers Pensions, the Teachers AVC and general Financial Planning news. Page 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24
Do you want to grow your pension quickly? 05/02/2020 Racheal Smith Growing your pension quicker is known in the trade as faster accrual. To increase the rate of accrual, you will need to apply for flexibilities. Flexibilities are a range of schemes that allow you t[...] Tagged in Faster Accrual, Flexibilities Read more What happens to your pension when you have children? 02/02/2020 Racheal Smith Congratulations, you are about to become a parent. You will be both terrified and excited – and, likely, you won’t be able to tell the difference between the two. Your pension might be the las[...] Tagged in Family Leave, Teachers Pension Scheme Read more Everything you need to know about earmarking 31/01/2020 Racheal Smith First, you will likely want to know what earmarking has to do with pensions. A good starting point! Pension earmarking is a choice available upon divorce or dissolution of your civil partnership. [...] Read more What happens when you divorce? 29/01/2020 Racheal Smith There are lots of uncertainties when your marriage is coming to an end. You may not think that your pension is high on the list of things to worry about. Indeed, breaking up a home, dealing with the[...] Tagged in Divorce, Teachers Pension Scheme Read more Are you in an opposite-sex civil partnership? 27/01/2020 Racheal Smith Times are changing. The law now recognises not everyone wants to get married. Marriage has come with lots of benefits for spouses. This includes access to benefits from a pension after the death of a [...] Tagged in Civil Partnership, Teachers Pension Scheme Read more What is premature retirement? 11/01/2020 Racheal Smith You could experience that awful time in a school when the budget tightens, and jobs are going to be lost. Your headteacher must make the choice whether to force redundancies or approach some team me[...] Tagged in Premature Retirement, Teachers Pension Scheme Read more What is phased retirement? 09/01/2020 Racheal Smith Phased retirement allows people to reduce working hours gradually. When coming to the end of a long teaching career, the daily exertions of a full timetable can be too much. It becomes sensible to[...] Tagged in Phased Retirement, Teachers Pension Scheme Read more What is Normal Age Retirement? 07/01/2020 Racheal Smith Your Normal Pension Age is the age when you should apply for your full benefits from the scheme. You do not have to apply at this age, you can apply early, and you can delay your claim. If you se[...] Tagged in Normal Pension Age, Retirement Read more What is early retirement? 05/01/2020 Racheal Smith To retire early means to take your benefits before you reach your Normal Pension Age (NPA). If you look at your benefit statement on My Pension Online, you will find your NPA. It will likely be so[...] Tagged in Early Retirement, Teachers Pension Scheme Read more Questions to ask before retiring 03/01/2020 Racheal Smith It might be time to decide in the new year to retire. You have given it a lot of thought and you know this is the moment to transition into a more relaxed life that is focused on your hopes for the [...] Tagged in Teachers Pension Scheme Read more Are you approaching retirement? 01/01/2020 Racheal Smith You may be closing in on 55, and you can feel you are getting too tired and too cranky to continue in the classroom. Even though you could qualify for early retirement the decision to retire is a ch[...] Tagged in Teachers Pension Scheme Read more What happens if I leave teaching? 09/12/2019 Racheal Smith If you leave teaching, and what is known as pensionable service, you will become a Deferred Member. You may be able to apply for a repayment of your contributions or transfer- out. Alternatively, [...] Tagged in Teachers' Pensions Scheme Read more What happens to my pension if I need family leave? 07/12/2019 Racheal Smith You are living through exciting times. You have or are about to become a new mum or dad. The great news is that if you are receiving statutory maternity or paternity leave, your pensionable servic[...] Tagged in Family Leave, Teacher Pensions Scheme Read more Understanding your benefit statement 05/12/2019 Racheal Smith To qualify for benefits, you need to have two or more years of pensionable service. Once you have qualified for benefits, you will receive a Benefit Statement each year. Alternatively, you will be[...] Tagged in Benefit Statement, Teacher Pensions Scheme Read more What happens if I work more than one job? 03/12/2019 Racheal Smith For some members, there are opportunities available that mean they work more than full-time. This member will have multiple employments. The impact of this additional employment is different depen[...] Tagged in Teacher Pensions Scheme, Work-Based Pension Read more What is the impact of working part-time on your pension? 02/12/2019 Racheal Smith You may be reaching that point in your career when you want to work less. You can afford to take on fewer hours and work part-time in your school. However, although this might be financially viabl[...] Tagged in Part-Time, Pension Arrangement Read more Page 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24