News - Page 14 of 29 - Teachers Financial Planning

Ill Health and Teaching: Benefits and Re-employment

25/11/2021 Racheal Smith

So far, we have focused on what happens if you leave teaching due to ill-health. It might be that you are fortunate enough to get better and feel inclined to get back into the classroom. If you are [...]

How to apply for the ill-health benefit

18/11/2021 Racheal Smith

If you have left employment, how you apply for an ill-health benefit depends on how long since your pensionable service ended. Pensionable service means any teaching you have done where you have made [...]

Qualifying for ill-health benefits

11/11/2021 Racheal Smith

While you might feel as if you are too unwell to teach, there are qualification criteria for ill-health retirement. There is a two-tier ill-health pension that reflects the severity of your illness. M[...]

Ill Health and Teaching: Do you have to work on?

04/11/2021 Racheal Smith

This month we focus our attention on ill-health and the impact on a teacher’s career. There are periods of ill health that are temporary, where your pension remains unaffected. As long as you contin[...]

Break-in service: alternative career

28/10/2021 Racheal Smith

In the final article in this month’s focus on taking a break, we look at the consequences of entering a different career on your pension. There is no doubt that teaching has felt challenging and unf[...]

Break-in service: the salary link

21/10/2021 Racheal Smith

This month we are exploring the potential consequences of a break in service on your pension. You may feel exhausted or just be looking for a new challenge. However, your financial security in retirem[...]

Break-in service: a disqualifying break

14/10/2021 Racheal Smith

It has undoubtedly been a tough time to be a teacher. The need to adapt to the pandemic over the last two years has been exhausting. From learning to deliver lessons from a laptop to the hybrid of onl[...]

Phased withdrawal

07/10/2021 Racheal Smith

In August, the participation rules of the Teacher Pension Scheme were changed. The change has been brought in to allow for schools' phased withdrawal from the scheme's independent sector. Without this[...]

Avoiding Pension Scams

28/09/2021 Racheal Smith

There is a notable rise in financial scams year on year and pensions are not immune from criminals. You have likely seen the advertisement on TV of the happy jet-skiing man enjoying the hard-earned pe[...]

The Public Service Pensions and Judicial Offices Bill

21/09/2021 Racheal Smith

The review undertaken in response to the court cases of McCloud and Sargeant has resulted in primary legislation. These court cases identified discrimination based on age within the Teachers’ Pensio[...]

Your pension and returning to teaching

14/09/2021 Racheal Smith

So, you’ve done it. Every September since leaving teaching, you have felt that weird itchiness to be filling in your registers again. You have missed your annual ritual of colour coding your timetab[...]

Yearning for the classroom?

07/09/2021 Racheal Smith

September is here, and you feel that itchy sensation in the classroom making that difference you once did. You may have left teaching a while ago, but teaching refuses to leave you, and each autumn te[...]

New Starter: Qualifying for benefits

26/08/2021 Racheal Smith

There is a phrase you will come across a lot when reading about your pension; this is your pensionable service. Sometimes, pensionable service is also known as eligible service and is the time in empl[...]

New Starter: Joining and Tracking your Pension

19/08/2021 Racheal Smith

Starting out in teaching is a challenging time and you have a lot to think about. While you might not think your pension is one of your most significant priorities – with lesson planning, marking an[...]

New Starter: Important Dates

12/08/2021 Racheal Smith

You might think that starting your career is frantic enough, without having to think about your pension too. In fact, your pension feels a good 40 years or more away, and there are more pressing prior[...]

New Starter: Basic Pension Information

05/08/2021 Racheal Smith

You are about to enter a career working with young people, helping them fulfil the potential each one offers. Teaching is a vocation imbued with the benefits of fulfilment and a sense you are making a[...]

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