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Is it worth moving my Old Penson to the Teachers Pension Scheme

OMAR · 2014-02-06 16:29:08

Hi, I am just starting my first teaching year this year and will be paying into the TPS. I have 10 Years service prior to this where I was paying into a Company Defined Benefit Scheme. Is it worth transferring it in and buying extra service from the TPS? How do I figure out if it is...I only have a deadline of 1 year to…

Comments

Andy_L Posts: 13,168 Forumite

9 February 2014 at 11:09AM

Another consideration is that your old pension will be increasing with inflation (rpi or cpi depending on scheme rules) if you transfer it then it will increase with salary. Considering the current pay restraint and plans for doing away with pay progression in the public sector which will be better over your teaching career?

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