Teachers' Pensions
Actively Teaching - Mark, 40

Actively Teaching - Mark, 40

Mark is 40 years old, and is a teacher and Curriculum Leader for Design and Technology at a school in North East England. Mark came into teaching a little later in life at 29, but welcomed the Teachers’ Pension Scheme from day one.

Mark is married with two young children, and although he is not particularly proactive with his Teachers’ Pension, he is very interested in the final amount his pension will pay out.

“I’ve always known the Teachers’ Pension Scheme is a no­brainer, it’s secure and of good value. I think I’m similar to a lot of people in that when I registered on the new system, the first thing I wanted to do was to work out how soon I could retire. With all the news reports about the pension age going up and up, I wanted to know what amount I would have when I’m 55 or 60 and beyond.”

Knowing your financial security is there to see, building up month­-on­-month, is quite a driver for staying in a teaching career.

“The calculators make everything very easy and it’s interesting to see how your pay scale makes a difference over time. I hadn’t checked on my pension for a good few years, it’s one of those things I keep putting off so I was pleasantly surprised to be able to click a few buttons and see estimates for both my lump sum figure and pension allowance there.”

The calculators make everything very easy.

“Knowing your financial security is there to see, building up month­-on­-month, is quite a driver for staying in a teaching career. There aren't many others out there at the moment offering this type of security and value, and I'm grateful for that.”

Calculator Banner My pension online banner
Last Updated: 25/07/2019 10:53