Teachers Pension Scheme Archives - Teachers Financial Planning

Making the most of your pension

08/06/2021 Racheal Smith

It is easy to perceive that your pension contributions are another additional expense. The amount coming out of your salary feels a lot, but we all appreciate that a pension in retirement is a necessa[...]

Life After COVID: Leaving teaching

29/04/2021 Racheal Smith

Who would have been a teacher during the pandemic? Living on the frontline Most outsiders thought the teaching profession had it easy because the schools were closed. However, they weren’t really.[...]

Life After COVID: securing financial peace of mind

22/04/2021 Racheal Smith

The past year has been filled with unbearable uncertainty. While, as a teacher, your salary continued to be paid, your partner and loved ones may have lost work or been furloughed. Even as a teacher, [...]

More on retirement planning

13/04/2021 Racheal Smith

As you can only submit your form four months before you retire, April is a popular month for teachers to begin thinking about the future. If you are over 55, you could make the leap to leave teaching [...]

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[...]

Teachers’ Pension Scheme revaluation

18/02/2021 Racheal Smith

Each year HM Treasury release a percentage amount that should be used to revalue public pension schemes. This revaluation is intended to keep the pension fund in line with inflation, so money paid in [...]

Teachers’ Pension Scheme and projections

11/02/2021 Racheal Smith

When you plan for the future, it feels easier to make decisions when there are confirmed figures. Ideally, you would go to the Teachers’ Pension Scheme website and to your dashboard, and there would[...]

Why do you need an independent financial advisor?

04/02/2021 Racheal Smith

The services and information provided by the Teacher Pension Scheme feel comprehensive and transparent. It is easy to assume that you can quickly act on the information provided. However, the Teacher [...]

Save Pensions Sacrifice Pay

25/01/2021 Racheal Smith

If you work in the Independent School sector, you may be asked to sacrifice pay to absorb some of the 43% hike in employer contribution. The reduction in income is a way of allowing teachers in these [...]

Teacher Pension Scheme Survivor Benefits

20/01/2021 Racheal Smith

NEU has been petitioning to secure full equality on survivor rights within the Teachers’ Pension Scheme. The union for teachers brought a claim against the Government, claiming discrimination. The [...]

Pension record: how accurate is yours?

15/01/2021 Racheal Smith

There has been an increasing fragmentation of the education system, with many more small employers of teachers. Not only is the system more fractured, but teachers’ careers are more likely now to sp[...]

Power of Attorney Changes

10/01/2021 Racheal Smith

Sometimes life takes a turn, and you cannot be responsible for your personal financial concerns anymore. At these times, you may choose to put a Lasting Power of Attorney (LPA) in place, giving the re[...]

Why save into a pension?

27/12/2020 Racheal Smith

When money is tight, and the present seems so complicated and uncertain, it feels impossible to contemplate paying into a pension. Not only is the Teacher Pensions’ Scheme a generous fund that offer[...]

Why should I worry about an Index?

24/08/2020 Racheal Smith

Whenever you read about teachers' pensions – or any pensions come to that – you will find a lot of reference to indexes. It might be that they say your pension is index-linked or that you will rec[...]

Asian girl taught by foreign languages teacher

Independent Schools and the Teachers’ Pension

02/07/2020 Racheal Smith

Independent Schools are not automatically enrolled in the Teachers’ Pension Scheme. The school you work for might opt to join the scheme, as part of their pension requirement. Equally, they may opt [...]

Thinking of a future in a different country?

31/05/2020 Racheal Smith

When all the confusion and chaos in the world has passed, you may think it is time to grab new opportunities. Living and working abroad is an exciting adventure. However, you may worry about what it[...]

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