News - Page 19 of 29 - Teachers Financial Planning

Transferring pension benefits between schemes

03/04/2020 Racheal Smith

In a time when a job for life is no longer expected, there will likely come a time when you choose a different career. Lasting 40 years or more in the classroom is an exhausting thought. At some p[...]

Leaving teaching: consequences on your pension

01/04/2020 Racheal Smith

If the news is to be believed the general sense of burnout that you could be feeling is likely shared by many. The number of people leaving the profession is on the rise, as they seek an alternative[...]

Getting the right financial advice

12/03/2020 Racheal Smith

In the world of quick scams and hacks, you are right to be cautious with your finances. Pensions, indeed, anything financial, are complicated. They are the realm of the real "grown-up", and it is [...]

Are you at risk of pension poverty?

08/03/2020 Racheal Smith

It is hard to imagine being a pensioner in your twenties. It seems like a completely different life away. Even in your forties, you might think you have plenty of time to prepare for life in retir[...]

How your Career Average pension builds-up

05/03/2020 Racheal Smith

This article focuses on the Career Average arrangement of the Teachers’ Pension. For most teachers, this is the scheme you are now paying into. The scheme changed in 2015, and some members are s[...]

What does it mean to manage your pension?

02/03/2020 Racheal Smith

You may have a distinct feeling that you are meant to be doing something. Each month, a massive chunk of your salary gets paid into a pension. You are aware of the commonly held view that this pen[...]

Is it time for you to work part-time?

29/02/2020 Racheal Smith

Have you ever thought about cutting your hours? Are you worried that you might not find purpose in part-time work or you might not be able to afford to live? We have all entertained thoughts at tim[...]

Rises in the state pension explained

28/02/2020 Racheal Smith

In April 2020, the state pension payments will change. These payments can form a significant source of income for many during later life. Here we give some basic information about the state pensio[...]

What are the positives and negatives of pension flexibilities?

10/02/2020 Racheal Smith

Since 2015, with the reform of pension law, there has been a lot more choice in pensions. Pensions, such as that run by the Teachers Pension Scheme, are overseen by the government. The change in t[...]

Do you want to grow your pension quickly?

05/02/2020 Racheal Smith

Growing your pension quicker is known in the trade as faster accrual. To increase the rate of accrual, you will need to apply for flexibilities. Flexibilities are a range of schemes that allow you t[...]

What happens to your pension when you have children?

02/02/2020 Racheal Smith

Congratulations, you are about to become a parent. You will be both terrified and excited – and, likely, you won’t be able to tell the difference between the two. Your pension might be the las[...]

Everything you need to know about earmarking

31/01/2020 Racheal Smith

First, you will likely want to know what earmarking has to do with pensions. A good starting point! Pension earmarking is a choice available upon divorce or dissolution of your civil partnership. [...]

What happens when you divorce?

29/01/2020 Racheal Smith

There are lots of uncertainties when your marriage is coming to an end. You may not think that your pension is high on the list of things to worry about. Indeed, breaking up a home, dealing with the[...]

Are you in an opposite-sex civil partnership?

27/01/2020 Racheal Smith

Times are changing. The law now recognises not everyone wants to get married. Marriage has come with lots of benefits for spouses. This includes access to benefits from a pension after the death of a [...]

What is premature retirement?

11/01/2020 Racheal Smith

You could experience that awful time in a school when the budget tightens, and jobs are going to be lost. Your headteacher must make the choice whether to force redundancies or approach some team me[...]

What is phased retirement?

09/01/2020 Racheal Smith

Phased retirement allows people to reduce working hours gradually. When coming to the end of a long teaching career, the daily exertions of a full timetable can be too much. It becomes sensible to[...]

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