Pensions news update
The latest information about changes to the TPS and state pensions.
Most teachers in England and Wales, whether in schools (including academies), sixth form colleges or FE colleges, are eligible to join the Teachers' Pension Scheme (TPS).
When you start a new job always check with your employer or look on your contract to find out about an occupational pension scheme you can join. Pensions provide salary-related, guaranteed, inflation-proofed income in retirement for a relatively low cost to you.
The employer contributes a lot more than the member and you get tax relief on your contributions so the cost to you in real terms is less than the percentage quoted.
Most of these schemes provide a death-in-service payment, dependents' benefits and a guarantee of at least five years' pension payments in retirement.
Most teachers in England and Wales, whether in schools (including academies), sixth form colleges or FE colleges, are eligible to join the Teachers' Pension Scheme (TPS). Teachers in Northern Ireland are in the Northern Ireland Teachers' Pension Scheme (NITPS). Jersey, Guernsey and the Isle of Man have their own pension schemes. You should contact your employer for details.
The latest information about changes to the TPS and state pensions.
The Teachers’ Pension Scheme (TPS) will provide much of your retirement income, so it is vital that you understand it.
Advice on your eligibility for and access to workplace pension schemes as an agency supply worker.
Salary sacrifice in the Teachers’ Pension Scheme.
Information about the single-tier state pension and changes to the retirement age.
An overview of the Local Government Pension Scheme.
Frequently answered questions on defined contribution pension schemes and what to consider when offered a pension scheme other than the TPS or LGPS.
Information on pensions tax relief - annual allowance and lifetime allowance.
Pensions advice note on non-pensionable allowances in the Teachers’ Pensions Scheme (TPS).
Advice and frequently asked questions on pension scheme auto-enrolment.
We will support members opposing any proposal to remove teachers’ membership of the Teachers’ Pension Scheme (TPS) or enforce pay cuts to pay for the pension.
Information about the two pension schemes in Northern Ireland and financial planning for retirement.
Presentation of the latest information about the Teachers' Pension Scheme (TPS).
A brief guide to the current career average Teachers' Pension Scheme.
A brief guide to the final salary section of the Teachers' Pension Scheme.
A brief guide to the Local Government Pension Scheme.