News - Teachers Financial Planning

Time to have your say: McCloud

03/08/2020 Racheal Smith

It is essential in any democracy that you take the opportunity to have your say. Nothing is more vital to your future than the security of your pension. Soon, the Government are to launch a consultati[...]

Will you be a new starter to teaching in September?

26/07/2020 Racheal Smith

Your teacher training year may have been one of the strangest ever experience, but hopefully, you will have completed your training successfully. Certainly, NEU, the teachers' union petitioned hard fo[...]

Will the current economic crisis impact my pension?

16/07/2020 Racheal Smith

As a teacher, you may feel blessed. Although the profession has never been well paid, the salary continues to come each month no matter the state of the economy. So, with the COVID-19 crisis causing u[...]

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 [...]

Asian girl taught by foreign languages teacher

Independent Schools and the Teachers’ Pension

02/07/2020 Racheal Smith

Independent Schools are not automatically enrolled in the Teachers’ Pension Scheme. The school you work for might opt to join the scheme, as part of their pension requirement. Equally, they may opt [...]

You have decided it is time to leave teaching

15/06/2020 Racheal Smith

Dramatic events can cause us to re-evaluate our position in life. It may be that you have enjoyed this extended period out of school, reconnecting with your family. You may have used the time to start[...]

Need to increase your take home pay?

11/06/2020 Racheal Smith

Times are challenging and it may be that you need to boost your salary. It might be that a partner or other member of the household has lost their income and you are now stretching what you earn to co[...]

Keeping your pension safe

07/06/2020 Racheal Smith

Keeping your pension safe Recently, the Pensions Regulator asked that scheme administrators demonstrate additional vigilance against pension scammers. There are new schemes attempting to lure people [...]

Thinking of a future in a different country?

31/05/2020 Racheal Smith

When all the confusion and chaos in the world has passed, you may think it is time to grab new opportunities. Living and working abroad is an exciting adventure. However, you may worry about what it[...]

Are you thinking of moving on and out of teaching?

24/05/2020 Racheal Smith

When we experience a period of disruption and worry, it is not unusual to consider revamping your life. You have likely had an extended time out of the hustle and bustle of a school, and you have beco[...]

Death in-service – when the worst happens

22/05/2020 Racheal Smith

No-one likes to consider the tragedy of a life cut short. However, we have all been made of our mortality, and it is reasonable to consider what happens should the worst occur. There are benefits atta[...]

What happens if you become ill?

21/05/2020 Racheal Smith

The current focus on our health can make us worried about our future—the presence of a pandemic and new insecurity about health and work. You may have already thought about what would happen should [...]

The impact of COVID-19 on your Teachers’ Pension

20/05/2020 Racheal Smith

These are strange times. Nothing that we thought we knew stands right now. This can lead to significant uncertainty and concern about the future. The current changes to employment can have an impact o[...]

Is the Teacher Pension Scheme worth it?

15/04/2020 Racheal Smith

If you are wondering whether to keep contributing to the pension scheme, you should pose the question: is it worth it? Here we review the Teacher Pension Scheme and its potential benefits. What is th[...]

An older couple sat looking at paperwork

Got a pension somewhere else?

11/04/2020 Racheal Smith

Are you in the fortunate position to already have a pension with another provider? If you do, it could be possible to transfer your pension from your previous pension into the Teachers’ Pension Sche[...]

More on the McCloud judgement

07/04/2020 Racheal Smith

On the 15th July 2019, the Chief Secretary to the Treasure announced that people should be protected in their desire to move pensions from one scheme to another. The transitional protection had prev[...]

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