Helping teachers prepare for retirement financially, The one day seminar by the Teachers’ Retirement Agency is an ideal way to help teachers prepare for their retirement, both emotionally and financially. It contains the latest information on pension regulation changes and advice.
It is never too soon to make sure that the right steps are being taken, as the wrong ones can have serious financial consequences. This is particularly important for higher earning staff as they could be seriously affected by the government’s “back door”raid on pension funds.
The course is not just for those who are about to retire soon. Many of the steps suggested could take five to ten years to ensure an individual’s pension fund will be sufficient to meet their retirement needs in the most tax efficient way.
Some of the issues addressed in the seminar include:
paid work after retirement; money management and budgeting; changing status and relationships; health; annual allowance and lifetime allowance; early retirement and maximising state pensions.
Carolyn Barker, headteacher at Barbara Priestman Academy, said: “The seminar was a really helpful day, I didn’t know how much I didn’t know.”