News - Page 26 of 30 - Teachers Financial Planning

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 [...]

Cashing in but losing out?

17/03/2019 Racheal Smith

The Financial Conduct Authority (FCA) has issued a stark warning to pensioners. They claim that savers could be missing out on their retirement income when they choose to access pension freedoms. Th[...]

Teachers’ Pension claimed? 10 ways to spend your retirement

15/03/2019 Racheal Smith

You may not think you need help to know how to spend retirement. You might have spent every day for the last few years imagining everything you will do and now you have your Teachers’ Pension – [...]

Pension contributions to rise

15/03/2019 Racheal Smith

The minimum workplace pension contributions are set to rise to 5%. Most employers will experience a rise in contributions this year, increasing from 3%. It will impact all employees between 22 and[...]

Are you thinking of moving to a new house?

13/03/2019 Racheal Smith

Moves are afoot to help manage rises in house-prices. The government are to consult on a new stamp duty surcharge. This research focused on understanding why people struggle to get on the proper[...]

The Survivor’s Benefit

08/03/2019 Racheal Smith

It has now been a year since the Government felt it essential to reconsider survivor's benefits in the Teachers' Pension Scheme. A legal case: Walker v Innospec, raised issues about who should recei[...]

What happens if you take family leave?

06/03/2019 Racheal Smith

As a teacher, you are aware that you have a generous pension scheme. You may also feel that it is time to take a break from service when your children arrive. Any gap in service is going to impact[...]

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