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
The Teachers’ Pension Scheme Benefits Statement 09/09/2019 Racheal Smith If you are a member of the Teachers' Pension Scheme, each year, you should receive communication relaying your benefits statement. This may come as a letter, or you may review the benefits statement[...] Tagged in Teachers Pension Read more Teachers’ Pension Scheme: when the worst happens 08/09/2019 Racheal Smith We all like to plan for a bright future. However, sometimes, we must take account of the potential for something to go wrong. You might die while still serving as a teacher. Although you may not[...] Tagged in Teachers Pension Read more Teachers’ Pension Scheme: what is a hypothetical calculation? 07/09/2019 Racheal Smith The question of hypothetical calculations is only relevant to members of the Teachers' Pension Scheme in the Final Salary Scheme, or if you are a member who will transition between schemes. You will[...] Tagged in Teachers Pension Read more Teachers’ Pension Scheme: what is a teaching service history? 06/09/2019 Racheal Smith Your teaching service history is essential to the calculation of your pension. It is the record of your employment. This has been compiled from your employer who returns information to the scheme.[...] Tagged in Teachers Pension Read more Do you know how your other half lives? 05/09/2019 Racheal Smith When you have a teachers’ pension, it is tempting to feel content that you will be secure in later life.  Part of your plans will be the contribution your partner makes to your income and savings.Â[...] Tagged in Teachers Pension Read more Your teachers’ pension and the 30-year gap between 60 and 90 03/09/2019 Racheal Smith You might be glad, or shocked, to hear that old age is now not thought to start until 74. The Telegraph cites a report that considers the impact of an ageing population. The report from the Intern[...] Tagged in Retirement Planning Read more Do you have a long-term plan for your retirement? 02/09/2019 Racheal Smith You are just hitting your stride in your career; you are thinking about buying a house, maybe having children – life is definitely exciting. However, do you have a plan for retirement? Thinking t[...] Tagged in Retirement Planning Read more Could your Teachers’ Pension income survive an emergency? 01/09/2019 Racheal Smith Teachers' pension early retirement factors may be playing on your mind. You may be wondering what it would take to leave the classroom from 55 onwards. Most people are conscientious and plan for retir[...] Tagged in Retirement Planning, Teachers Pension Read more The Teachers’ Pension and the Retirement Gap 31/08/2019 Racheal Smith What is the retirement income gap? You may believe you have thoroughly planned for your retirement. You have contributed to your teachers' pension, and you expect a state pension on top. You have som[...] Tagged in Retirement Planning, Teachers Pension Scheme Read more Why you need My Pensions Online 04/08/2019 Racheal Smith As soon as you enter the teaching profession, your employer will enrol you in the Teachers' Pension Scheme. You will be expected to make contributions to this pension. The good news is that your e[...] Tagged in My Pension Online Read more Within five years of claiming your teachers’ pension? 03/08/2019 Racheal Smith You should know now where you stand with your Normal Pension Age. If you don't, you can check this out on My Pensions Online. If you are within five years of claiming your teachers' pension scheme[...] Tagged in Retirement Planning, Teachers Pension Scheme Read more Making the most of your teachers’ pension 02/08/2019 Racheal Smith Is your teachers' pension good? A fair question, you do pay a lot of contributions each month. The great news is that the teachers' pension, even the less generous career average scheme, is one of the[...] Tagged in Retirement, Teachers Pension Read more Returning to work and your teachers’ pension 01/08/2019 Racheal Smith We often long for retirement when we are at work. We feel the grind, particularly in our 50s when we may have been working for more than 30 years. However, we may live for a long time, and we migh[...] Tagged in Retirement, Teachers Pension Scheme Read more Career Average: what is buy out? 01/08/2019 Racheal Smith For some people, your Career Average Normal Pension Age (NPA) will be higher than 65. This means that if you retire at 65, you will not be able to claim your full benefits until your Career Average [...] Tagged in Career Average, Early Retirement, Teachers Pension Scheme Read more Teachers’ Pension Scheme: what member type are you? 31/07/2019 Racheal Smith How the scheme changed In 2015 the Teachers Pension Scheme changed.  There was just the Final Salary Arrangement, then Career Average was introduced to run alongside this. This means there are no[...] Tagged in Teachers Pension Scheme Read more Retiring Early – the Teachers’ Pension at 55 30/07/2019 Racheal Smith The summer holidays are approaching. You are delighted that it will soon be time for a long summer recuperating. However, for a long time now these six weeks feels more and more like six minutes.Â[...] Tagged in Early Retirement, Teacher Pensions Scheme 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