Teachers pension

Avro1995 · 8 January at 4:35PM

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

Marcon · 8 January at 4:51PM

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

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.

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

Silvertabby · 8 January at 4:59PM

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.