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Home/News/Teachers Pension/What happens if I work more than one job?
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What happens if I work more than one job?

03/12/2019 Racheal Smith

For some members, there are opportunities available that mean they work more than full-time.  This member will have multiple employments.  The impact of this additional employment is different depending on whether you are in the final salary arrangement or the career average arrangement.

Final salary arrangement

You are not permitted to accrue more than 365 days of service in a year in this scheme.  Therefore, any service beyond full-time will not be pensionable in the Teachers’ Pension Scheme.  You won’t build up benefits thanks to this service, but you equally will not pay contributions on this additional amount.

You might have several part-time jobs.  If this is the case, then you need to speak to employers to work out which of the contracts are pensionable.  If one of your contracts is full-time and another part-time – it is the part-time work that is automatically non-pensionable.

You may be able to join a work-based pension scheme for your additional hours.

Career average arrangement

All pensionable employment is eligible under the career average scheme. If you are transitioning into the career average arrangement and have previously paid into a work-based pension scheme, this should be changed to the career average arrangement if it is an eligible role under the teachers’ pension scheme.

The content in this article was correct on 15th November 2019. You should not rely on this article to make important financial decisions. Teachers Financial Planning offers advice on pensions for teachers and non-teachers. Please use the contact form below to arrange an informal chat with an advisor and see how we can help you.

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Posted under: Teachers Pension

Tagged in: Teacher Pensions Scheme, work-based pension



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