The Truth about Teachers’ Pensions

Good and ill, both natural and moral, are entirely relative to human sentiment and affection.

David Hume (1711 - 76)
“The Sceptic,” Essays, Moral and Political (1741)

Everyone says that the Teachers’ Pension Scheme is a good one, so it must be; and in fact it generally is isn’t it?

But, like Hume who demanded a context, few teachers are prepared to accept such a simple statement without qualification; after all, if you had been told it was a 'bad' scheme then you would certainly want to know more!
 
It is like asking your pupils to accept that a book is “good” without your explaining to them why it is good; in other words, without contextualising it for them.

The same must be true of the Teachers’ Pension Scheme. Sitting down to read the Teachers' Pensions booklet (or even sitting in front of their website) will give you all the information you may need. But how much relevance does it have for you, personally?

What you don’t know can’t hurt you

Proverb.

The problem is (as with your pupils) you do not know what you do not know; so how do you know which questions to ask … and who can give you the right answers?

This is where we come in. Affinity Independent Ltd can help you understand The Truth about the Teachers' Pension Scheme, including:

  • Show you how to use the TPS to attain early retirement;
  • Draw your pension, continue working, then re-join the TPS and accrue further benefits within the scheme;
  • Improve your spouse's pension benefits at no cost;
  • Increase the amount of money the scheme can generate for you;
  • Gain credit for part time service not previously credited by your employer;
  • Understand the tax advantages of virtually doubling your tax free cash entitlement;
  • Arrange the cheapest and most tax efficient life assurance benefits within the TPS; and
  • Protect your highest salary for the purposes of calculating your pension benefits.

The Teachers’ Pension Scheme specifically states you should seek Independent Financial Advice, so why not consult with the only firm in the UK that specializes in assisting teachers make the right decisions about their financial wellbeing.

To find out more about how Affinity Independent Ltd can help you make the most of your benefits within the Teachers' Pension Scheme, please click here. Or click here for our contact details.

The Truth about the Teachers' Pension Scheme (TPS) is that you have far more influence over your benefits than you might think. Whether you are coming up to 60, in your 40's or even just 25 you can influence your own and your spouse's benefits just by understanding how the scheme works and which strings to pull.