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
Annual Allowance Reminder 01/04/2014 Ged O'Neil Bell Teachers’ Pensions receive data every year from employers, which they use to calculate whether members face a tax charge under Annual Allowance (AA). Members who have exceeded the AA can elect for t[...] Read more Retired Members P60 12/03/2014 Ged O'Neil Bell P60 statements are sent every year and confirm the pension you have received and the tax you have paid in the tax year. Retired members of the Teachers’ Pensions Scheme (TPS) will receive their P[...] Read more Annual Benefits Statements 11/03/2014 Ged O'Neil Bell Annual Benefit Statements (ABS) have begun to be distributed to employers. As Teachers’ Pensions are required to send ABS by the 31st of March, members who have not received theirs by mid-April shou[...] Read more New Fair Deal and Tiered Contributions Consultation 07/03/2014 Ged O'Neil Bell The Department for Education has published its response to the public consultation on New Fair Deal and Tiered Contributions on its website. Please click here for further information. The conten[...] Read more Re-marriage Changes 15/02/2014 Ged O'Neil Bell Individuals currently receiving a spouse beneficiary’s pension may receive a re-marriage declaration from Teachers’ Pensions around the time of their next birthday. This is because Teachers’ Pen[...] Read more Same Sex Marriage Changes 14/02/2014 Ged O'Neil Bell Same sex marriages will become legal in the UK from the 29th of March 2014. Where an adult beneficiary’s pension becomes payable after such a marriage, it will be based on pensionable service accrue[...] Read more Tiered Contributions 14/02/2014 Ged O'Neil Bell A tiered contribution structure has been proposed for the Teachers’ Pension Scheme, to apply from April 2014. The consultation on this, and the proposal to implement the New Fair Deal policy consult[...] Read more Reduction To Annual Allowance 14/02/2014 Ged O'Neil Bell A reduction has been announced to Annual Allowance (AA), which is the amount of growth in pensions savings permitted in a given tax year. The AA was originally reduced to £50,000 in the 2011/12 tax y[...] Read more Consultation Process Update 14/09/2013 Ged O'Neil Bell The Government is committed to reviewing the long-term affordability and sustainability of public service pension schemes, which includes the Teachers’ Pension Scheme (TPS). It aims to conduct refor[...] Read more Reform Consultation Begins 09/05/2013 Ged O'Neil Bell The Government is committed to reviewing the long-term affordability and sustainability of public service pension schemes, which includes the Teachers’ Pension Scheme (TPS). It aims to conduct refor[...] Read more Pension Liberation Fraud 14/03/2013 Ged O'Neil Bell The Pensions Regulator has circulated a warning about organisations encouraging pension scheme members to cash in their pension early. These fraudulent operators may encourage you to transfe[...] Read more Department For Education Contributions Consultation 31/01/2013 Ged O'Neil Bell The Department for Education today published the outcome of the consultation on further contributions increases, which will apply to members of the Teachers’ Pension Scheme in financial year 2013/14[...] 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