Latest News: Teachers AVCs

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

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Annuity vs Drawdown – Do I Need to Choose?

09/04/2025 Gemma Trantum

What’s the best way to take a retirement income? Broadly speaking, there are two main options for those with a pension “pot” - income drawdown and annuities. Each option has its unique [...]

A Short Guide to Annuities

12/06/2024 Gemma Trantum

With Pension Freedoms and the increasing popularity of drawdown, annuities have become sidelined. But an annuity can offer valuable guarantees and could still have a place in your retirement pla[...]

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. [...]

Deferring the State Pension

24/11/2023 Gemma Trantum

The State Pension has changed significantly over the years, but is still the most important source of retirement income for many people. The State Pension age has increased in the last few years an[...]

The Teachers AVC Tax Trap

29/07/2023 Ged O'Neil Bell

Many teachers don't realise that a strange quirk with their Prudential AVCs could leave their families with a potentially large and unexpected - but easily avoidable tax bill. One of the advantages[...]

Unlocking Your Teachers AVC With Drawdown

22/04/2023 Ged O'Neil Bell

When you retire, there are several decisions that need to be made. An important part of retirement planning is deciding how you will fund your lifestyle when you are no longer working. Pensions are t[...]

Choosing Faster Accrual

29/06/2021 Racheal Smith

Adding to your pension may be an excellent way to secure your financial security in later life. It is also a good way to protect your family, whether you become too ill to work or die in service. Incr[...]

Choosing Buy Out

22/06/2021 Racheal Smith

Changes in the law have stretched the retirement age for many to 67 or 68 under the Career Average arrangement. Some teachers may have an NPA age of 60 for the final salary arrangement or NPA 65. Ther[...]

Choosing Additional Pension

15/06/2021 Racheal Smith

The schemes to pay more into your pension are called flexibilities, and the only one available to Final Salary is Additional Pension. You can also purchase Additional Pension in the Career Average arr[...]

Making the most of your pension

08/06/2021 Racheal Smith

It is easy to perceive that your pension contributions are another additional expense. The amount coming out of your salary feels a lot, but we all appreciate that a pension in retirement is a necessa[...]

Life After COVID: securing a financial future

27/04/2021 Racheal Smith

We have learnt that life is uncertain in the past year. For all our planning and beliefs in our right to old age, we have had this security threatened. As a teacher, you may have been in the fortunate[...]

word tax with office worker in the background

Tax and the small lump sum

17/09/2020 Racheal Smith

There are tax rules of interest to those teachers with a small pension with the Teachers’ Pension Scheme. A small pension is defined as a fund with the actuarial value less than £10,000. These rule[...]

Shaping your future pension

09/07/2020 Racheal Smith

We all want a bright future when we retire. The best way to make sure you can enjoy your life after work is to save towards your pension. Each month you and your employer will be contributing to your [...]

Do you need an independent financial advisor?

18/10/2019 Racheal Smith

You may not think your finances are that complex. You have been a teacher for much of your life, and you hope to continue in this career. You have relatively uncomplicated finances – with some s[...]

When the teachers’ pension might not be enough: AVCs

18/07/2019 Racheal Smith

Poverty in old age Although the teachers' pension is regarded as a generous scheme by some, it is sensible to consider the possible consequences of poverty in old age. You do not want to work hard [...]

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