Latest News: Tagged Lump Sum

The latest news and views covering the Teachers Pensions, the Teachers AVC and general Financial Planning news.

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What Should You Do with An Unexpected Lump Sum?

12/06/2024 Gemma Trantum

It’s not unusual to daydream about an unexpected windfall. Whether it's a lottery win or an inheritance from a long-lost relative, we all have ideas about how we would spend the extra money. [...]

Teachers’ Pensions Calculators

07/04/2022 Racheal Smith

When you are looking to plan for the future, you need to be fully aware of your financial health. You might want to figure something out about your Teachers’ Pension and can use the calculators prov[...]

Making best use of your lump sum

17/02/2022 Racheal Smith

When you retire, the Teacher Pension Scheme offer you the option of converting up to 25% of your benefits into a lump sum payment. For every £1 you give up in benefits, you receive £12 in a lump sum[...]

Dreaming of my retirement lump sum

27/05/2021 Racheal Smith

We are getting a long way into the summer term. You may have decided to retire in July or at least played with the idea. Once you reach 55 years old, the possibility of taking early retirement is an e[...]

Life after COVID: Would my family have been secure?

20/04/2021 Racheal Smith

If anything is going to test your feelings of mortality, it is a global pandemic. Being asked to stay home because the slightest social contact could cause someone to fall seriously ill or even die is[...]

Should I take my pension lump sum?

28/05/2019 Racheal Smith

When you are approaching retirement, you will have lots of decisions to make about your pension scheme. One of these decisions is whether you should take your lump sum or not. What is a tax-free lu[...]

Ways of using your lump sum when you retire

21/02/2019 Racheal Smith

What is the Teachers' Pension Lump Sum? If you entered teaching on or after 1st January 2007, you are part of a Final Salary or Career Average arrangement for your teachers' pension. These schemes [...]

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