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Teachers pension
Avro1995
Posts: 24 Forumite
Hi there,
I'm seeing some conflicting information online for a family member.
Regarding teachers pension scheme. Can you take pension early (career average part, final salary part or both) early and continue working as normal? Does it make a difference if that person is now a teaching assistant rather than an actual teacher? Fully aware that there will be a reduction in lump sum and annual amount due to taking before normal retirement age (currently age 56)
I've seen online that it may be possible but also lots of other info about having to stop work completely, stop for a day and be rehired.
If anyone has some info that would be great. Also if there's a good helpline for this kind of thing for free guidance
Cheers
I'm seeing some conflicting information online for a family member.
Regarding teachers pension scheme. Can you take pension early (career average part, final salary part or both) early and continue working as normal? Does it make a difference if that person is now a teaching assistant rather than an actual teacher? Fully aware that there will be a reduction in lump sum and annual amount due to taking before normal retirement age (currently age 56)
I've seen online that it may be possible but also lots of other info about having to stop work completely, stop for a day and be rehired.
If anyone has some info that would be great. Also if there's a good helpline for this kind of thing for free guidance
Cheers
0
Comments
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I wonder if they are reading stuff about early retirement and 'phased' retirement? See https://neu.org.uk/advice/your-rights-work/pensions/teachers-pension-scheme#:~:text=To%20claim%20phased%20retirement%20you,over%20the%20previous%206%20months. and scroll down to the relevant sections.Avro1995 said:Hi there,
I'm seeing some conflicting information online for a family member.
Regarding teachers pension scheme. Can you take pension early (career average part, final salary part or both) early and continue working as normal? Does it make a difference if that person is now a teaching assistant rather than an actual teacher? Fully aware that there will be a reduction in lump sum and annual amount due to taking before normal retirement age (currently age 56)
I've seen online that it may be possible but also lots of other info about having to stop work completely, stop for a day and be rehired.
If anyone has some info that would be great. Also if there's a good helpline for this kind of thing for free guidance
Cheers
Are they a union member?
Worth looking at: https://dfountain.co.uk/ and perhaps https://www.wesleyan.co.uk/campaigns/teachers-retirement-planning?gad_source=1&gbraid=0AAAAADJ-mWrOae3LAC6nRa2cxy-YaS0Ym&gclid=Cj0KCQiA4fi7BhC5ARIsAEV1YibRlDu8ubwO0tMM0xtlh093MVZWwd49LvAVR26PE0nFvq7TbR9-9BUaAgmDEALw_wcB
Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!0 -
Teaching Assistants are usually in the LGPS rather than the TPS. Is that the case here? If so, no problem drawing TPS benefits while joining/contributing to the LGPS.2
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Maybe speak to Wesleyan0
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