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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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[...]

Flexibilities

24/01/2019 Racheal Smith

There are more ways to increase your pension than you might think. You may have heard about Additional Voluntary Contributions (AVCs) run by Prudential, which is an extra fund that you pay through y[...]

All about AVCs

22/01/2019 Racheal Smith

Additional Voluntary Contributions (AVCs) for teachers are a means of boosting your financial health in retirement. As the name suggests, these are additional payments you may wish to contribute vol[...]

Are teachers in danger of falling prey to pension scams?

04/01/2019 Racheal Smith

Fortunately for teachers, there is little chance of you falling prey to scams, as the money within the teachers' pension scheme is non-transferable. However, if you have an Additional Voluntary Cont[...]

Do you know about pension tax?

10/12/2018 Racheal Smith

Before we begin, you need to know that your teacher pension cannot be drawn down early. Therefore, the only part of your pension that is relevant is the voluntary contributions you have been making [...]

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