LoginRegister

Teachers Logo
  • Home
  • About Us
  • Advice
  • Seminars
  • News
  • Downloads
  • Contact
Home/News/Teachers Pension/Why do you need an independent financial advisor?

Why do you need an independent financial advisor?

10/02/2022 Racheal Smith

Adviser Recruitment

It might not make sense immediately to contact an independent financial advisor as a teacher. Your salary is fixed to national levels, and your pension payments are taken automatically. You are aware of your retirement date, as the Teacher Pension Scheme advise you of this annually and an estimate of how much you will receive.

Equally, teaching, for the most part, is a vocation. Teachers tend to be less motivated by money than most other careers and are more interested in the outcomes for young people.

Why bother with an independent financial advisor? Here we explore some of the reasons to undertake some thorough financial planning with an expert who can offer opinions.

Making the most of your benefits

The first reason to seek advice from an independent financial advisor is the possibility of additional benefits on offer in your pension. Your pension is a long term savings plan for your retirement and an addition to your salary, offering further remuneration. You can increase the power of this plan using Flexibilities. Knowing what flexibilities you can purchase and when is something an independent financial advisor can help you with.

Planning for retirement

The Teacher Pension Scheme can only offer estimates of your final benefits, and the calculations are complex and are buffeted by changing details and context. Consequently, if you genuinely want to understand if you can afford to retire, an independent advisor is your best option.

Making benefits work for you

There are questions you need to ask. For instance, will I be living in pension poverty when I retire? How can I make use of the lump sum? Can I work in another setting? Can I return to the classroom? These questions are the bread and butter of an independent advisor.

It is worth remembering at this point that the Teacher Pension Scheme are not allowed to advise you on what decision is best for you; they can only give you information to inform your decision. Therefore, the ultimate reason to reach out to an independent financial advisor is to get the guidance you might need to make the best decisions for you.

The content in this article was correct on 31st January 2022. You should not rely on this article to make important financial decisions. Teachers Financial Planning offers advice on the teachers’ pension scheme. Please use the contact form below to arrange an informal chat with an advisor and see how we can help you.

Posted under: Teachers Pension

Tagged in: Independent Financial Advice



Make an Enquiry

Please complete and send the short contact form below and we will come back to you as soon as possible.

Teachers TFP logoIndependent Financial Advisors logo
  • Site Map
  • Legal
  • Privacy
  • Careers
  • Complaints

Teachers Financial Planning Limited is an appointed representative of Corbel Partners Limited which is authorised and regulated by the Financial Conduct Authority.

Content on this website is provided for information purposes only and should not be considered advice.

Information contained in this website is based upon UK legislation and regulation and is targeted at consumers based in the UK.

Registered Office: St James Business Centre, Wilderspool Causeway, Warrington, WA4 6PS. Teachers Financial Planning are registered in England & Wales Company Registration Number 07612896.

Data Protection Register Number: Z2662669.



© 2011-2025 Teachers Financial Planning Limited.
Website designed and developed by Carpe Diem