Status: Phased Retirement | Role: Secondary science teacher
Sarah is currently taking Phased Retirement. This allows her to take part of her pension whilst also continuing to teach (on a reduced contract).
Sarah worked for 33 years as a full-time science teacher, becoming Head of Department. She had started to consider retirement but wasn’t sure if she was ready to give up teaching.
She had originally thought about Early Retirement, but then learnt about Phased Retirement and the opportunity it would give her to draw part of her pension while continuing to teach with reduced hours and responsibilities.
Having spoken to her employer, who were keen to keep Sarah due to her expertise, Sarah applied to us and is now enjoying Phased Retirement and the extra flexibility it gives her. She’s teaching two days a week and continues to feel positive about being a teacher.
Before you make any decision it's a good idea to seek independent financial advice on the possible tax implications of proceeding with your application.
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