News - Page 24 of 29 - Teachers Financial Planning

Brexit for those retired and living overseas

07/05/2019 Racheal Smith

With all the chaos surrounding Brexit, it is essential to have some certainty. The Teachers' Pension Scheme report that those living overseas will continue to be paid their pension as usual if the U[...]

What happens when you retire?

05/05/2019 Racheal Smith

You have likely been in post for a while. Your financial security has been relatively secure, as you have received a monthly salary. For all the challenges of being a teacher, financial security i[...]

You may be young, but that doesn’t mean you can go unprotected

05/05/2019 Racheal Smith

It is easy to feel secure when you are young. The prospect of end-of-life issues and concerns seem a long way off. However, your financial advisor would likely want to encourage you to take out in[...]

The types of retirement

04/05/2019 Racheal Smith

If you are planning retirement and wondering when you can access your Teachers' Pension, you first need to know something about the types of retirement. Some of these retirement types can be planned[...]

Could you qualify for extra income in retirement?

03/05/2019 Racheal Smith

We are always seeking ways of helping you make your life more comfortable in retirement. Your teacher's pension scheme may offer you a generous pay out in retirement. However, when life is challen[...]

Are you claiming tax-free childcare?

02/05/2019 Racheal Smith

Only a small proportion of families in the UK are claiming tax-free childcare, according to data released in December 2018 by the Government. The Department of Children and Families claimed that a mer[...]

Teachers’ Pensions Valuation Report

01/05/2019 Racheal Smith

Every four years the Teachers' Pension Scheme undergoes a valuation, along with all unfunded public service pension schemes. The Government Actuary’s Department is responsible for the valuation. [...]

Teachers’ Pension Scheme Board

30/04/2019 Racheal Smith

About the board In 2015, the Teachers' Pension Scheme Pension Board was established to offer extra assurance to members, employers, taxpayers, and the government. The board provides evidence that[...]

The latest news on auto-enrolment

25/04/2019 Racheal Smith

For those teachers working outside the state sector auto-enrolment is a genuine concern. Tutors working for alternative education providers, teachers in the private sector, and many others, will be [...]

Are you paying unnecessary pensions’ tax?

22/04/2019 Racheal Smith

There has been a lot of noise in the media about older workers falling in a pension tax trap. An analysis by a mutual insurer revealed this impacts approximately half a million workers. The worker[...]

Teachers’ Pension Contribution Band increase

05/04/2019 Racheal Smith

You may be a little lighter in your salary after April 1st, 2019. The contribution rates for your Teachers' Pension Scheme are going to increase by 2.4%, which is a significant sum each month. Thi[...]

Will you need your Teachers’ Pension Scheme earlier than planned?

04/04/2019 Racheal Smith

It might interest you to learn that half of the pensioners retired earlier than planned. You may have a solid plot line to your route into retirement. However, we are not always in charge of circu[...]

Changes to the opt-out form

03/04/2019 Racheal Smith

The opt-out form procedures have changed. Before if you elected to opt out the time for this would be linked to when the Teachers’ Pension Scheme received the form. From February 2019 this timin[...]

Are there such a thing as teacher mortgages?

28/03/2019 Racheal Smith

Did you know that in the US you can get impressive deals as a teacher? You can get up to a 50% discount on a home in the “Good Neighbor Next Door" scheme, and there are savings for "Heroes", which i[...]

A need for better education in financial planning?

27/03/2019 Racheal Smith

The problem in need of a teacher of financial planning The BBC in March 2018 declared there was a striking weakness in adult financial skills. Reporting on a study by Cambridge University and Unive[...]

Over 50s are working longer?

19/03/2019 Racheal Smith

According to data from the Office for National Statistics (ONS), there is a record number of people continuing to work well into their 50s. There are now well over 10 million over-50s in employment [...]

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