The Teachers’ Pension Scheme (TPS) is one of the most important and valuable benefits available to teachers.

You are automatically enrolled in the TPS if you are a teacher in a state-funded school or college. A large number of independent schools and other private sector employers of teachers also enrol teachers in the TPS. Some supply teachers are also enrolled in the TPS.

If you are unsure about whether you are enrolled in the TPS, you should check with your employer.

If you need general information about the Teachers’ Pension Scheme, the most comprehensive source is the Teachers’ Pensions Member Hub.

Members approaching retirement should be aware that they need to apply to start drawing their pension three to four months before the date they wish their pension payments to start. More information on applying for the teachers’ pension and the relevant claim forms can be found on the Teachers’ Pensions application FAQ page.

Upcoming webinars are listed here as they arise.

Retirement planning advice

Because trade unions are prohibited in law from providing individual financial advice, the NASUWT is in partnership with Wesleyan Financial Services. As specialists in financial planning for teaching professionals, they understand your career and can help you to make informed financial decisions that are linked to the things you want to achieve in life.

They can also help you understand how to get the most out of your finances, including:

  • helping you understand the ins and outs of your occupational pension scheme(s) and how this could affect your post-work lifestyle and income;

  • understanding all the retirement options that are available to you, including phased and early retirement;

  • what the Lifetime and Annual Allowances could mean for your pension funds;

  • whether your retirement plans will come with any additional tax implications;

  • if and how your pension benefits could be enhanced.

With extensive knowledge and experience of the teaching profession and its associated financial journey, Wesleyan’s friendly team will work around your availability and offer practical guidance, support and advice, as and when you need it.

From free-to-watch webinars to a no-obligation financial review with a friendly adviser and resources such as their informative retirement planning guide, Wesleyan Financial Services can support you and your finances at every stage in your career and beyond.

Tax treatment depends on the individual circumstances of each client and may be subject to change in the future.

The NASUWT is an introducer appointed representative of Wesleyan Financial Services Limited.

‘WESLEYAN’ is a trading name of the Wesleyan Group of companies.

Wesleyan Financial Services Ltd (Registered in England and Wales No. 1651212) is authorised and regulated by the Financial Conduct Authority. Registered Office: Colmore Circus, Birmingham B4 6AR. Telephone: 0345 351 2352. Calls may be recorded to help us provide, monitor and improve our services to you.

 


Your feedback

If you require a response from us, please DO NOT use this form. Please use our Contact Us page instead.

In our continued efforts to improve the website, we evaluate all the feedback you leave here because your insight is invaluable to us, but all your comments are processed anonymously and we are unable to respond to them directly.