News - Page 22 of 29 - Teachers Financial Planning

Could your Teachers’ Pension income survive an emergency?

01/09/2019 Racheal Smith

Teachers' pension early retirement factors may be playing on your mind. You may be wondering what it would take to leave the classroom from 55 onwards. Most people are conscientious and plan for retir[...]

The Teachers’ Pension and the Retirement Gap

31/08/2019 Racheal Smith

What is the retirement income gap? You may believe you have thoroughly planned for your retirement. You have contributed to your teachers' pension, and you expect a state pension on top. You have som[...]

Why you need My Pensions Online

04/08/2019 Racheal Smith

As soon as you enter the teaching profession, your employer will enrol you in the Teachers' Pension Scheme. You will be expected to make contributions to this pension. The good news is that your e[...]

Within five years of claiming your teachers’ pension?

03/08/2019 Racheal Smith

You should know now where you stand with your Normal Pension Age. If you don't, you can check this out on My Pensions Online. If you are within five years of claiming your teachers' pension scheme[...]

Making the most of your teachers’ pension

02/08/2019 Racheal Smith

Is your teachers' pension good? A fair question, you do pay a lot of contributions each month. The great news is that the teachers' pension, even the less generous career average scheme, is one of the[...]

Returning to work and your teachers’ pension

01/08/2019 Racheal Smith

We often long for retirement when we are at work. We feel the grind, particularly in our 50s when we may have been working for more than 30 years. However, we may live for a long time, and we migh[...]

Career Average: what is buy out?

01/08/2019 Racheal Smith

For some people, your Career Average Normal Pension Age (NPA) will be higher than 65. This means that if you retire at 65, you will not be able to claim your full benefits until your Career Average [...]

Teachers’ Pension Scheme: what member type are you?

31/07/2019 Racheal Smith

How the scheme changed In 2015 the Teachers Pension Scheme changed. There was just the Final Salary Arrangement, then Career Average was introduced to run alongside this. This means there are no[...]

Retiring Early – the Teachers’ Pension at 55

30/07/2019 Racheal Smith

The summer holidays are approaching. You are delighted that it will soon be time for a long summer recuperating. However, for a long time now these six weeks feels more and more like six minutes.�[...]

Teachers’ Pension: Buy extra years

20/07/2019 Racheal Smith

An introduction to the Teachers’ Pension Scheme You may have entered the teaching profession for the holidays. However, you might also quickly realise that time off is a myth, and you only get a [...]

When the teachers’ pension might not be enough: AVCs

18/07/2019 Racheal Smith

Poverty in old age Although the teachers' pension is regarded as a generous scheme by some, it is sensible to consider the possible consequences of poverty in old age. You do not want to work hard [...]

Teachers’ Pension Scheme: dealing with breaks in service

17/07/2019 Racheal Smith

Very few people enjoy a career for life or continue in a job without breaks. If you experience an interruption in service there will be some impact on your pension. From April 2015, the Teachers�[...]

The rules of intestacy

08/07/2019 Racheal Smith

What is intestacy? When someone dies without a legal will, it is known as dying intestate. Without legally valid guidance from the deceased, solicitors will distribute the estate following a set of[...]

MaPS takes a leading role in Pensions Dashboard

07/07/2019 Racheal Smith

The Money and Pensions Service (MaPS) has been asked by the Department of Work and Pensions (DWP) to take a leading role in the delivery of pension dashboards. MaPS is a new organisation. It brin[...]

Employers targeted over pension contributions

06/07/2019 Racheal Smith

The Teachers' Pension Scheme is an auto-enrolment scheme. This means that as soon as you enter teaching in a state school, you will be enrolled in the pension. The teachers' pension contributions [...]

What is a death grant?

04/07/2019 Racheal Smith

The in-service death grant defined The death grant is also known as the in-service or out-of-service death grant. The in-service death grant is a payment made to your next of kin in the event of y[...]

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