News - Page 26 of 29 - Teachers Financial Planning

Schools face drastic rise in pension contributions

30/01/2019 Racheal Smith

Proposed Teachers Pension Increase 2019 HM Treasury has undertaken a valuation of public sector pension schemes, including teachers' pensions. UK schools, as a result, are set to face a sub[...]

Have you written a Will?

26/01/2019 Racheal Smith

According to a survey by Royal London, more than half of us have yet to write a Will. A Will is a means of providing for our beneficiaries or for the causes we wish to support. It also includes in[...]

Flexibilities

24/01/2019 Racheal Smith

There are more ways to increase your pension than you might think. You may have heard about Additional Voluntary Contributions (AVCs) run by Prudential, which is an extra fund that you pay through y[...]

All about AVCs

22/01/2019 Racheal Smith

Additional Voluntary Contributions (AVCs) for teachers are a means of boosting your financial health in retirement. As the name suggests, these are additional payments you may wish to contribute vol[...]

Do you know your pension age?

18/01/2019 Racheal Smith

According to a YouGov survey, which polled over a thousand adults approaching retirement, many do not know the state pension age. This is significant for those teachers in the CARE scheme, as your p[...]

Making the most of MPO

16/01/2019 Racheal Smith

MPO or My Pension Online is a portal on the Teachers Pensions Scheme (“TPS”) website. TPS offer this dashboard as a means of providing key information about your pension, as well as offering y[...]

Digital Inheritance Tax System Needed

15/01/2019 Racheal Smith

If you have ever had to complete forms for inheritance tax, then you will be aware that it can be complicated. The Office for Tax Simplification (OTS) has identified this as a problem that they have[...]

Tax Return Due?

13/01/2019 Racheal Smith

It is the time of year when your tax return is due. This is relevant to people who earn money in addition to teaching and/ or outside the PAYE scheme. As it is January, it is a useful time to off[...]

Are teachers in danger of falling prey to pension scams?

04/01/2019 Racheal Smith

Fortunately for teachers, there is little chance of you falling prey to scams, as the money within the teachers' pension scheme is non-transferable. However, if you have an Additional Voluntary Cont[...]

Retiring Early and the Teachers’ Pension

02/01/2019 Racheal Smith

When deciding on retiring early and the Teachers’ Pension Teaching is not one of those professions where it is easy to bide your time into old age. There is little option to gently fall to sleep [...]

Retirement Planning

31/12/2018 Racheal Smith

When it is time to leave Are you starting to think about retiring? You may be hitting your middle 50s and really starting to feel the wear and tear of the constant battle in the classroom. It may b[...]

Starting or leaving your teachers’ pension

27/12/2018 Racheal Smith

The problem The Teachers’ Pensions Scheme finds itself in an interesting dilemma. Since September it has been the responsibility of the scheme to tell you about your rights and your options with [...]

Teachers’ Pension Final Salary v Career Average

23/12/2018 Racheal Smith

If you are confused about all the different Teachers' Pensions Schemes, and what they mean for you, we are here to give you some basic guidance. Depending on when you began in teaching you will be i[...]

How to opt out of the teachers’ pension scheme

21/12/2018 Racheal Smith

When you are 25, and you earn about £26,000 a year, and you see 7.4% of your salary disappear into a pension, it is easy to wonder if you should opt out of the scheme. You have been told that your [...]

Your Pensions Dashboard

19/12/2018 Racheal Smith

For a long time, the Teachers' Pension Scheme website has had a dashboard. This website is a portal where you can view your pension fund and manage your membership of the scheme. Interestingly, in[...]

Teachers Pension Actuarial Reductions

11/12/2018 Ged O'Neil Bell

There is something you need to know about the Teachers Pension and Actuarial Reductions. This is the impact on your pension when you decide to take early retirement. My Pension Online (MPO) - the o[...]

Latest News