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
Teachers’ Pension: Buy extra years 20/07/2019 Racheal Smith An introduction to the Teachers’ Pension Scheme You may have entered the teaching profession for the holidays. However, you might also quickly realise that time off is a myth, and you only get a [...] Tagged in Extra Years, Teachers Pension Read more When the teachers’ pension might not be enough: AVCs 18/07/2019 Racheal Smith Poverty in old age Although the teachers' pension is regarded as a generous scheme by some, it is sensible to consider the possible consequences of poverty in old age. You do not want to work hard [...] Tagged in AVC, Teachers Pension Read more Teachers’ Pension Scheme: dealing with breaks in service 17/07/2019 Racheal Smith Very few people enjoy a career for life or continue in a job without breaks. If you experience an interruption in service there will be some impact on your pension. From April 2015, the Teachersâ€[...] Tagged in Career Break, Teachers Pension Read more The rules of intestacy 08/07/2019 Racheal Smith What is intestacy? When someone dies without a legal will, it is known as dying intestate. Without legally valid guidance from the deceased, solicitors will distribute the estate following a set of[...] Tagged in Intestacy Read more MaPS takes a leading role in Pensions Dashboard 07/07/2019 Racheal Smith The Money and Pensions Service (MaPS) has been asked by the Department of Work and Pensions (DWP) to take a leading role in the delivery of pension dashboards. MaPS is a new organisation. It brin[...] Tagged in Pension Dashboard Read more Employers targeted over pension contributions 06/07/2019 Racheal Smith The Teachers' Pension Scheme is an auto-enrolment scheme. This means that as soon as you enter teaching in a state school, you will be enrolled in the pension. The teachers' pension contributions [...] Tagged in Auto-enrolment Read more What is a death grant? 04/07/2019 Racheal Smith The in-service death grant defined The death grant is also known as the in-service or out-of-service death grant. The in-service death grant is a payment made to your next of kin in the event of y[...] Read more Calculating the Teachers’ Pension Scheme for a deferred member 03/07/2019 Racheal Smith Calculating the value of your pension The change in pension schemes for teachers has made it complicated. There is the final salary scheme, and there is the career average scheme. If you have bee[...] Tagged in Calculating Your Pension Read more What is the Career Average teacher’s pension scheme? 25/06/2019 Racheal Smith All teachers working in state schools in the UK are enrolled in the Teachers’ Pension Scheme. Many teachers who have been working for many years will have been enrolled in the final salary scheme.[...] Tagged in Career Average, Teachers Pension Read more FCA: consultation on plans to change mortgage advice rules 24/06/2019 Racheal Smith If the plans proposed by the FCA are approved, then homeowners could soon enjoy more choice when selecting a mortgage. The FCA is consulting. They are seeking to investigate if the organisation's[...] Tagged in Mortgage Advice Read more Pension Freedoms: an increase in pension withdrawals 23/06/2019 Racheal Smith According to FCA statistics, the total amount of withdrawals from pensions has risen since April 2015 when the pension freedom laws were passed. An increasing number of people aged 55 or over have b[...] Read more Inheritance Tax receipts increased 18/06/2019 Racheal Smith A survey by Canada Life has revealed that UK Taxpayers are set to pay £10 billion a year in Inheritance Tax by 2030. Canada's 2019 IHT Monitor also notes that an increasing number of over-45s are see[...] Tagged in Inheritance Tax Read more Could you support your retirement income by drawing on the equity in y... 17/06/2019 Racheal Smith SAGE Personal Finance researched retirement and equity in homes. Investigating people's approach to retirement planning, SAGA found that 40% discovered their pension fund was not as big as they had [...] Tagged in Boosting Pension Income, Equity Read more The Importance of Retirement Saving 31/05/2019 Racheal Smith The idea that time flies seems like an urban myth when you are young. However, you get to a certain age, and it can feel like you went to bed in January and woke up in May. With what seems like no[...] Tagged in Pension Planning Read more Income in retirement levels off 30/05/2019 Racheal Smith The Department for Work and Pensions report that pensioners are earning less than they did nine to ten years ago. Despite a rising cost of living, retirees received just £304 per week in 2017/18. [...] Tagged in Retirement Income Read more Under 35s begin to prepare for life’s milestones 29/05/2019 Racheal Smith Scottish Widow report that one in four people under the age of 35 would like real-life scenario financial advice. With the burden of a mortgage, the pressures of children, and the niggling thought t[...] Tagged in Financial Advice, Teachers Pension 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