When we can help
As you retire
Your pension education
Take time out of lesson planning to start your Teachers’ Pension Scheme (TPS) education. Our educational specialists can help you understand the latest changes to the scheme, including the McCloud Judgement and current contribution rates.
By planning ahead, you’ll have more time to boost your pension pot with extra contributions and see when you can realistically retire. And when it’s time to take your hard-earned pension, we’ll explore your options for collecting your cash and investing your lump sum.
Retire your way
There’s no one-size-fits-all approach to retirement. That’s why we’re here to help you retire when and how you want.
For some, this means slowing down before stepping away. If you’re looking to gradually transition into retirement or dip into your pension pot while you continue to teach, we can help you with any additional planning.
If you’re longing for some extra retirement years, you might be considering retiring early. But what you get back in time needs to be factored into your retirement planning, as you’ll have more years to fund.
We can help you understand how much you’ll need to retire early and what it could mean for your Teachers’ Pension benefits. If you have Additional Voluntary Contributions (AVCs) with Prudential, these could be factored into your early retirement plans too.
How our advice works
Our Specialist Financial Advisers understand the ins and outs of your profession. They know the challenges you face throughout your career and have specialist knowledge on all things related to the Teachers’ Pension Scheme.
When you’re ready to get advice, you can book a full financial review - either online via video call or at your home or school. Our meetings are tailored to you, meaning you’ll always get advice on the things that matter most.
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Frequently asked questions
Is the advice free?Meetings with our Specialist Financial Advisers are on a no obligation basis. If you do choose to take out one of our financial products as a result, there will be an initial advice charge and often some ongoing management charges to pay. While we may make recommendations for you, there’s no obligation to take out any Wesleyan products or services.
What should I prepare ahead of the meeting?
To make the most of your time with your Specialist Financial Adviser, it can be handy to have your questions ready, as well as any information or documents relating to your finances. This could include any savings and investments, your current Teachers’ pension statement and any life insurance or income protection policy details.
You may also be asked to complete a ‘Financial Outline’ ahead of the session. This enables you to tell your Adviser about your current circumstances and future goals, so they can prepare an appointment tailored to you.
If you choose not to complete the Financial Outline in advance, you’ll need to do it as part of your appointment.
How long does the meeting last?An initial meeting with a Specialist Financial Adviser will typically last around one hour, though it does depend on the complexity of your circumstances.