Your pension is one of the great benefits of your career and while it can be easy to dismiss retirement as something far off in the future, the reality is that the earlier you start to make provision the better position you’ll be in when you do come to rely on your pension.

We understand that with so many other financial responsibilities it’s easy to put retirement planning to the bottom of the pile, but by taking a quick look at our ‘Estimate your final pension calculator’ you see the difference you can make by starting your retirement pot now.

By registering for your My Pension Online account (MPO) you can also use our modellers to get an estimate that is tailored to your own circumstances. You can also use MPO to view your Benefit Statement and keep your details up to date.

The Teachers’ Pension Scheme is a Defined Benefits scheme, which means that as your career progresses you’ll know how much annual pension you’ve already built up and will be paid from your Normal Pension Age rather than having a fund value that continues to be dependent upon the performance of investments / price of pension annuities when you come to retire. The pension benefits are index-linked and are underwritten by the Government, so you don’t need to worry about stock market fluctuations or the impact of inflation affecting the pension you’ll receive.

Further benefits of being part of the Scheme include:

• Ill-health cover
• The choice to take Early Retirement from age 55
• Death benefits for your loved ones if anything should happen to you

If you haven’t got an account register now and make the most of your pension.