Latest News: Lump Sum

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

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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[...]

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[...]

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[...]

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 [...]

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