Latest News: Uncategorised

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

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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. [...]

Questions to ask before retiring

03/01/2020 Racheal Smith

It might be time to decide in the new year to retire. You have given it a lot of thought and you know this is the moment to transition into a more relaxed life that is focused on your hopes for the [...]

Have an urgent Pension question?

04/11/2019 Racheal Smith

Sometimes some questions are pressing, and you do not have time to search through FAQs. You are aware that you can phone the Teachers’ Pension Scheme or maybe even contact an independent advisor.�[...]

Teachers’ Pension: qualifying for ill-health retirement

01/10/2019 Racheal Smith

There is nothing more shocking than finding out that you are incapable of continuing work in the classroom. You are a teacher and always wanted to be a teacher. Therefore, to be told that you are [...]

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[...]

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[...]

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[...]

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[...]

You may be young, but that doesn’t mean you can go unprotected

05/05/2019 Racheal Smith

It is easy to feel secure when you are young. The prospect of end-of-life issues and concerns seem a long way off. However, your financial advisor would likely want to encourage you to take out in[...]

Are you claiming tax-free childcare?

02/05/2019 Racheal Smith

Only a small proportion of families in the UK are claiming tax-free childcare, according to data released in December 2018 by the Government. The Department of Children and Families claimed that a mer[...]

Is there such a thing as teacher mortgages?

28/03/2019 Racheal Smith

Did you know that in the US you can get impressive deals as a teacher? You can get up to a 50% discount on a home in the “Good Neighbor Next Door" scheme, and there are savings for "Heroes", which i[...]

A need for better education in financial planning?

27/03/2019 Racheal Smith

The problem in need of a teacher of financial planning The BBC in March 2018 declared there was a striking weakness in adult financial skills. Reporting on a study by Cambridge University and Unive[...]

Are you thinking of moving to a new house?

13/03/2019 Racheal Smith

Moves are afoot to help manage rises in house-prices. The government are to consult on a new stamp duty surcharge. This research focused on understanding why people struggle to get on the proper[...]

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