Latest News: Tagged Career Average

News and views - articles covering the latest Teachers Pension, Teachers AVC and general financial planning news.

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What are Career Average pension schemes?

10/08/2020 Racheal Smith

The full name of the career average pension scheme, introduced to teachers in 2015, is CARE. It is a Career Average Revalued Earnings scheme. This is a type of defined benefit scheme offered to you by[...]

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career average money

How your Career Average pension builds-up

05/03/2020 Racheal Smith

This article focuses on the Career Average arrangement of the Teachers’ Pension. For most teachers, this is the scheme you are now paying into. The scheme changed in 2015, and some members are s[...]

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Retirement Planning Advice

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 [...]

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Should you be happy with the career average

What is the Career Average teacher’s pension scheme?

25/06/2019 Racheal Smith

All teachers working in state schools in the UK are enrolled in the Teachers’ Pension Scheme. Many teachers who have been working for many years will have been enrolled in the final salary scheme.[...]

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