Latest News: Tagged Career Average

The latest news and views covering the Teachers Pensions, the Teachers AVC and general Financial Planning news.

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What Teacher Pension Scheme am I in?

06/04/2021 Racheal Smith

When you come to check your pension fund on My Pension Online, you might find that there are two sets of figures listed. There will be money held in a Final Salary arrangement and some in the Career A[...]

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[...]

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[...]

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 [...]

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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