Latest News: Uncategorised

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

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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. [...]

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[...]

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