News - Page 21 of 29 - Teachers Financial Planning

Do you need an independent financial advisor?

18/10/2019 Racheal Smith

You may not think your finances are that complex. You have been a teacher for much of your life, and you hope to continue in this career. You have relatively uncomplicated finances – with some s[...]

Teachers’ Pension Planning: how to reduce your tax burden

14/10/2019 Racheal Smith

Just because you are retired does not mean you are exempt from taxation. As with those still employed, income can be liable to taxation. No one wants to pay more tax than is needed, therefore unde[...]

Teachers’ Pension Planning: how long are people living?

10/10/2019 Racheal Smith

Our mortality is not often a topic we enjoy exploring. However, our life expectancy is an essential factor in our analysis of our teachers’ pension, when we take retirement and what other arrangem[...]

Teachers’ Pension: calculating your ill-health retirement award

04/10/2019 Racheal Smith

There are lots of criteria to consider when calculating your ill-health retirement award. You will be within the Final Salary arrangement or the Career Average arrangement or a mixture of both. Yo[...]

Teachers’ Pension: providing medical evidence to prove ill-health

03/10/2019 Racheal Smith

A period of ill-health is scary on a personal level and leaves you worrying about your finances. You could qualify for ill-health retirement. However, you will be expected to provide supporting me[...]

Teachers’ Pension: how to apply for your ill-health benefits

02/10/2019 Racheal Smith

There are two scenarios for when you might apply for ill health benefit. The first is if you are applying within two years of leaving pensionable service or you are still in employment when you wer[...]

Teachers’ Pension: qualifying for ill-health retirement

01/10/2019 Racheal Smith

There is nothing more shocking than finding out that you are incapable of continuing work in the classroom. You are a teacher and always wanted to be a teacher. Therefore, to be told that you are [...]

A guide to your teachers’ pension and ill-health

30/09/2019 Racheal Smith

An introduction There is nothing more worrying than being told you are unfit to work. You are a long way from retirement, but your health has begun to fail. You have been told that you are perman[...]

Teachers’ Pension Scheme: Election

10/09/2019 Racheal Smith

Are you confused by the use of the word ‘election’ on the Teachers’ Pension Scheme website? You may envision some vote or a ballot period where you may or may not be selected to be eligible. I[...]

The Teachers’ Pension Scheme Benefits Statement

09/09/2019 Racheal Smith

If you are a member of the Teachers' Pension Scheme, each year, you should receive communication relaying your benefits statement. This may come as a letter, or you may review the benefits statement[...]

Teachers’ Pension Scheme: when the worst happens

08/09/2019 Racheal Smith

We all like to plan for a bright future. However, sometimes, we must take account of the potential for something to go wrong. You might die while still serving as a teacher. Although you may not[...]

Teachers’ Pension Scheme: what is a hypothetical calculation?

07/09/2019 Racheal Smith

The question of hypothetical calculations is only relevant to members of the Teachers' Pension Scheme in the Final Salary Scheme, or if you are a member who will transition between schemes. You will[...]

Teachers’ Pension Scheme: what is a teaching service history?

06/09/2019 Racheal Smith

Your teaching service history is essential to the calculation of your pension. It is the record of your employment. This has been compiled from your employer who returns information to the scheme.[...]

Do you know how your other half lives?

05/09/2019 Racheal Smith

When you have a teachers’ pension, it is tempting to feel content that you will be secure in later life. Part of your plans will be the contribution your partner makes to your income and savings.�[...]

Your teachers’ pension and the 30-year gap between 60 and 90

03/09/2019 Racheal Smith

You might be glad, or shocked, to hear that old age is now not thought to start until 74. The Telegraph cites a report that considers the impact of an ageing population. The report from the Intern[...]

Do you have a long-term plan for your retirement?

02/09/2019 Racheal Smith

You are just hitting your stride in your career; you are thinking about buying a house, maybe having children – life is definitely exciting. However, do you have a plan for retirement? Thinking t[...]

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