Following the 2012 valuation of the Teachers’ Pensions Scheme, Teachers’ Pensions have been issued with new factors to calculate the cost of Additional Pension.
Teachers Pensions will implement these factors soon and will communicate to any members affected by the change. Any members who have already taken out an Additional Pension will be able to change the amount they pay for their election or to stop their election.
The content in this article was correct on 31/01/2015. You should not rely on this article to make important financial decisions. Please use the contact form below to arrange an informal chat with an adviser and see how we can help you.