You have likely been in post for a while. Your financial security has been relatively secure, as you have received a monthly salary. For all the challenges of being a teacher, financial security is certainly one of its greatest benefits. Therefore, when you reach retirement, it can feel stressful as you don’t know how it might work.
The Teachers’ Pension Scheme website holds many guides to help you gather all the information you need. Here you can find out all the information needed to manage your pension once you have retired. This includes information on when will receive your pension, when you can expect an increase in your payment, what happens if you start work again, and more.
There is no need to worry as you prepare to retire. Part of any retirement planning can be familiarising yourself with the details that matter. It is likely that the Teachers’ Pension Scheme website has covered most of these concerns. If not, then you can also seek support from an Independent Financial Advisor, who will be able to support you towards retirement.
The content in this article was correct on 30th April 2019. You should not rely on this article to make important financial decisions. Teachers Financial Planning offers advice on the financial planning for teachers and non-teachers. Please use the contact form below to arrange an informal chat with an advisor and see how we can help you.