Teachers Pension Scheme Archives - Teachers Financial Planning

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[...]

Are you thinking of moving on and out of teaching?

24/05/2020 Racheal Smith

When we experience a period of disruption and worry, it is not unusual to consider revamping your life. You have likely had an extended time out of the hustle and bustle of a school, and you have beco[...]

Death in-service – when the worst happens

22/05/2020 Racheal Smith

No-one likes to consider the tragedy of a life cut short. However, we have all been made of our mortality, and it is reasonable to consider what happens should the worst occur. There are benefits atta[...]

What happens if you become ill?

21/05/2020 Racheal Smith

The current focus on our health can make us worried about our future—the presence of a pandemic and new insecurity about health and work. You may have already thought about what would happen should [...]

The impact of COVID-19 on your Teachers’ Pension

20/05/2020 Racheal Smith

These are strange times. Nothing that we thought we knew stands right now. This can lead to significant uncertainty and concern about the future. The current changes to employment can have an impact o[...]

Is the Teacher Pension Scheme worth it?

15/04/2020 Racheal Smith

If you are wondering whether to keep contributing to the pension scheme, you should pose the question: is it worth it? Here we review the Teacher Pension Scheme and its potential benefits. What is th[...]

More on the McCloud judgement

07/04/2020 Racheal Smith

On the 15th July 2019, the Chief Secretary to the Treasure announced that people should be protected in their desire to move pensions from one scheme to another. The transitional protection had prev[...]

Man in jeans with his pockets turned inside out

New to teaching and feeling poor?

05/04/2020 Racheal Smith

When you first start teaching, your salary will not overwhelm you with funds. You may feel a little strapped. Consequently, you may be looking for ways to increase the cash flow, just in the short[...]

Transferring pension benefits between schemes

03/04/2020 Racheal Smith

In a time when a job for life is no longer expected, there will likely come a time when you choose a different career. Lasting 40 years or more in the classroom is an exhausting thought. At some p[...]

Are you at risk of pension poverty?

08/03/2020 Racheal Smith

It is hard to imagine being a pensioner in your twenties. It seems like a completely different life away. Even in your forties, you might think you have plenty of time to prepare for life in retir[...]

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[...]

What does it mean to manage your pension?

02/03/2020 Racheal Smith

You may have a distinct feeling that you are meant to be doing something. Each month, a massive chunk of your salary gets paid into a pension. You are aware of the commonly held view that this pen[...]

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 are the positives and negatives of pension flexibilities?

10/02/2020 Racheal Smith

Since 2015, with the reform of pension law, there has been a lot more choice in pensions. Pensions, such as that run by the Teachers Pension Scheme, are overseen by the government. The change in t[...]

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