Latest News: Tagged Retirement

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

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A Short Guide to Annuities

12/06/2024 Gemma Trantum

With Pension Freedoms and the increasing popularity of drawdown, annuities have become sidelined. But an annuity can offer valuable guarantees and could still have a place in your retirement pla[...]

Deferring the State Pension

24/11/2023 Gemma Trantum

The State Pension has changed significantly over the years, but is still the most important source of retirement income for many people. The State Pension age has increased in the last few years an[...]

Taking the retirement plunge

11/06/2022 Racheal Smith

April to June are the months that are busiest for applications for retirement. It takes two to three months to process a retirement application; therefore, choices must be taken now. Choosing when [...]

Dreaming of my retirement lump sum

27/05/2021 Racheal Smith

We are getting a long way into the summer term. You may have decided to retire in July or at least played with the idea. Once you reach 55 years old, the possibility of taking early retirement is an e[...]

What is the ‘Triple Lock’ on state pensions?

29/10/2020 Racheal Smith

When planning retirement, the amount a teacher gets from the state pension is an integral part of this process. In 2010, the Conservative and Liberal Democrat coalition brought in a “triple lock�[...]

Is it time for you to work part-time?

29/02/2020 Racheal Smith

Have you ever thought about cutting your hours? Are you worried that you might not find purpose in part-time work or you might not be able to afford to live? We have all entertained thoughts at tim[...]

What is Normal Age Retirement?

07/01/2020 Racheal Smith

Your Normal Pension Age is the age when you should apply for your full benefits from the scheme. You do not have to apply at this age, you can apply early, and you can delay your claim. If you se[...]

Making the most of your teachers’ pension

02/08/2019 Racheal Smith

Is your teachers' pension good? A fair question, you do pay a lot of contributions each month. The great news is that the teachers' pension, even the less generous career average scheme, is one of the[...]

Returning to work and your teachers’ pension

01/08/2019 Racheal Smith

We often long for retirement when we are at work. We feel the grind, particularly in our 50s when we may have been working for more than 30 years. However, we may live for a long time, and we migh[...]

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 [...]

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 – [...]

Time to start applying for retirement?

04/03/2019 Racheal Smith

Have you decided that this is the year you will retire? Anyone can retire after the age of 55, with a pension that is actuarially adjusted, or you can retire with your full pension if you have reached[...]

Enhancing the money from your Teachers’ Pension Scheme

22/02/2019 Racheal Smith

You are clear you want to leave teaching. It is a career that demands a lot of our physical and our emotional energies. Each year the pace and the pressures take their toll and the holidays no lon[...]

Ways of using your lump sum when you retire

21/02/2019 Racheal Smith

What is the Teachers' Pension Lump Sum? If you entered teaching on or after 1st January 2007, you are part of a Final Salary or Career Average arrangement for your teachers' pension. These schemes [...]

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[...]

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