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Pension payout from previous employment but still working

spiderq · 2012-05-17 13:02:08

I think I may need to see a financial advisor about this but wondered if anyone could suggest some research I could do myself. I am a 56 yr old female teacher, been teaching for the last 21 yrs, before that I worked for a bank and my preserved pension is due to be paid when I am 60, approx £7k per year. This is likely to…

Comments

mgdavid Posts: 6,711 Forumite

18 May 2012 at 9:38PM

jem16 wrote: »

Yes I found this out a couple of months ago.

Teachers retiring this year at the top of the main unpromoted scale will have their pension benefits calculated on a pensionable salary approximately £3k higher than their final salary.

as one who's paying for that I find it outrageous

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