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News and views - articles covering the latest Teachers Pension, Teachers AVC and general financial planning news.

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Teacher Pension Scheme Survivor Benefits

20/01/2021 Racheal Smith

NEU has been petitioning to secure full equality on survivor rights within the Teachers’ Pension Scheme. The union for teachers brought a claim against the Government, claiming discrimination. The [...]

Pension record: how accurate is yours?

15/01/2021 Racheal Smith

There has been an increasing fragmentation of the education system, with many more small employers of teachers. Not only is the system more fractured, but teachers’ careers are more likely now to sp[...]

Why save into a pension?

27/12/2020 Racheal Smith

When money is tight, and the present seems so complicated and uncertain, it feels impossible to contemplate paying into a pension. Not only is the Teacher Pensions’ Scheme a generous fund that offer[...]

The advantages of your Teachers’ Pension Scheme

20/12/2020 Racheal Smith

You have decided you need to start saving for your retirement. The fact you could be living on much less than £200 a week on a state pension has sunk in. You need to decide how you are going to do th[...]

Young teachers: how much should you be paying towards your pension?

19/11/2020 Racheal Smith

You may have just qualified as a teacher, maybe as young as 22, and you are aware that you have been enrolled in a pension. You might be one of the lucky ones who doesn’t notice the lump sum leaving[...]

When can I collect my Teachers’ pension?

15/10/2020 Racheal Smith

With all that is happening in schools, it is understandable that you might be thinking of retiring. When you reach a certain length of service, having to renew the way you work makes your job too chal[...]

What is an Earnings Limit?

17/08/2020 Racheal Smith

Returning to work after retirement Retirement isn’t for everyone. Some people find being away from the classroom and the exuberance of young people too difficult. It might also be that the amount o[...]

What are Career Average pension schemes?

10/08/2020 Racheal Smith

The full name of the career average pension scheme, introduced to teachers in 2015, is CARE. It is a Career Average Revalued Earnings scheme. This is a type of defined benefit scheme offered to you by[...]

Asian girl taught by foreign languages teacher

Independent Schools and the Teachers’ Pension

02/07/2020 Racheal Smith

Independent Schools are not automatically enrolled in the Teachers’ Pension Scheme. The school you work for might opt to join the scheme, as part of their pension requirement. Equally, they may opt [...]

Need to increase your take home pay?

11/06/2020 Racheal Smith

Times are challenging and it may be that you need to boost your salary. It might be that a partner or other member of the household has lost their income and you are now stretching what you earn to co[...]

What happens if you become ill?

21/05/2020 Racheal Smith

The current focus on our health can make us worried about our future—the presence of a pandemic and new insecurity about health and work. You may have already thought about what would happen should [...]

An older couple sat looking at paperwork

Got a pension somewhere else?

11/04/2020 Racheal Smith

Are you in the fortunate position to already have a pension with another provider? If you do, it could be possible to transfer your pension from your previous pension into the Teachers’ Pension Sche[...]

Rises in the state pension explained

28/02/2020 Racheal Smith

In April 2020, the state pension payments will change. These payments can form a significant source of income for many during later life. Here we give some basic information about the state pensio[...]

What are the positives and negatives of pension flexibilities?

10/02/2020 Racheal Smith

Since 2015, with the reform of pension law, there has been a lot more choice in pensions. Pensions, such as that run by the Teachers Pension Scheme, are overseen by the government. The change in t[...]

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[...]

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. [...]

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