News - Page 15 of 29 - Teachers Financial Planning

Retirement Planning: deciding to continue working

29/07/2021 Racheal Smith

For some people, the idea of not going to work sounds mind-blowingly dull. It might also be that the sense of drive and ambition to succeed and push forward an agenda still burns inside. Work outside[...]

Retirement Planning: making the most of the lump sum

27/07/2021 Racheal Smith

All the talk so far about retirement has been quite serious. The talk about finances, emotions and continuing to work doesn’t make this period sound like any fun at all. But when you leave teaching [...]

Retirement Planning: making your financial preparations

22/07/2021 Racheal Smith

Now you have started to consider your emotional needs for retirement, you may have noticed that living a full life will take money during this stage of your life. You will want to make sure your finan[...]

Retirement Planning: making your emotional preparations

20/07/2021 Racheal Smith

It is July, and for many teachers, it is the long, slow, drawn-out weeks before the summer holidays. For others, retirement comes with the end of this school year, and life is likely to change dramati[...]

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[...]

Dreaming of my retirement lump sum

27/05/2021 Racheal Smith

We are getting a long way into the summer term. You may have decided to retire in July or at least played with the idea. Once you reach 55 years old, the possibility of taking early retirement is an e[...]

Should I work part-time?

25/05/2021 Racheal Smith

The summer term in teaching is always challenging. You are coming to the end of your reserves, and the admin assessment is piling up. On the horizon are those enrichment events that require you to dre[...]

Parenting and Pensions

13/05/2021 Racheal Smith

It’s spring! We are all thinking of new life and new beginnings. So, talking about all this maternity and paternity feels hopeful and optimistic. While your teachers’ pension is probably not high [...]

New job, new benefits

06/05/2021 Racheal Smith

At this time of year, trainee teachers are amid job applications and interviews. It is a stressful time, wondering if you will ever get that first step on the ladder. It becomes a race to July, and [...]

Life After COVID: Leaving teaching

29/04/2021 Racheal Smith

Who would have been a teacher during the pandemic? Living on the frontline Most outsiders thought the teaching profession had it easy because the schools were closed. However, they weren’t really.[...]

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[...]

Life After COVID: securing financial peace of mind

22/04/2021 Racheal Smith

The past year has been filled with unbearable uncertainty. While, as a teacher, your salary continued to be paid, your partner and loved ones may have lost work or been furloughed. Even as a teacher, [...]

Life after COVID: Would my family have been secure?

20/04/2021 Racheal Smith

If anything is going to test your feelings of mortality, it is a global pandemic. Being asked to stay home because the slightest social contact could cause someone to fall seriously ill or even die is[...]

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