You are automatically entered into the Teachers' Pension Scheme if you are a teacher in eligible employment between the ages of 18 and 75.
If you need general information about the Teachers' Pension Scheme, the most comprehensive source is the Teachers' Pensions website.
Members approaching retirement should be aware that they need to apply to start drawing their pension three to four months before the date they wish their pension payments to start. More information on applying for the teachers' pension and the relevant claim forms can be found on the Teachers' Pensions website.
The NASUWT has become aware of organisations which claim to offer teachers advice on retirement planning and charge very high fees for this advice.
Trade unions cannot provide individual financial advice by law. However, the NASUWT is in partnership with Wesleyan, which provides members with financial advice on pension changes through personal face-to-face meetings or though ‘Planning for Retirement’ seminars that can be held at your school. If this is of interest to you, please contact Wesleyan on www.wesleyan.co.uk/appointment.