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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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 [...]

Inheritance Tax receipts increased

18/06/2019 Racheal Smith

A survey by Canada Life has revealed that UK Taxpayers are set to pay £10 billion a year in Inheritance Tax by 2030. Canada's 2019 IHT Monitor also notes that an increasing number of over-45s are see[...]

Should I take my pension lump sum?

28/05/2019 Racheal Smith

When you are approaching retirement, you will have lots of decisions to make about your pension scheme. One of these decisions is whether you should take your lump sum or not. What is a tax-free lu[...]

Reclaiming overpaid tax

25/05/2019 Racheal Smith

It always feels painful to pay tax in the first place. Imagine if you have paid too much. If you are a PAYE taxpayer or you complete a self-assessment, you could qualify for a tax rebate. In th[...]

What happens when you retire?

05/05/2019 Racheal Smith

You have likely been in post for a while. Your financial security has been relatively secure, as you have received a monthly salary. For all the challenges of being a teacher, financial security i[...]

Could you qualify for extra income in retirement?

03/05/2019 Racheal Smith

We are always seeking ways of helping you make your life more comfortable in retirement. Your teacher's pension scheme may offer you a generous pay out in retirement. However, when life is challen[...]

Ways of using your lump sum when you retire

21/02/2019 Racheal Smith

What is the Teachers' Pension Lump Sum? If you entered teaching on or after 1st January 2007, you are part of a Final Salary or Career Average arrangement for your teachers' pension. These schemes [...]

The most frequently asked questions about teachers’ pensions

01/02/2019 Racheal Smith

When it comes to answering questions, advisors working in the sector around teachers' pensions tend to see a pattern of questions they see. From Teachers' Pension contributions to retiring early, th[...]

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