Help and advice

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  • Teachers' Pensions update

    Advice April 2017

    Teachers’ Pensions has introduced Monthly Data Collection (MDC) for employers to provide their salary and service information. MDC replaces the Annual Service Return (ASR). All employers must be set up to use MDC by December 2017.

  • Pensions and Tax Liability

    Guidance paper November 2016

    This guidance contains important information for all members in the Teachers’ Pension Scheme (TPS) or the Local Government Pension Scheme (LGPS), regardless of age or proximity to retirement. This paper is for the personal use of ASCL members only.

  • Annual Allowance Tax Year 2015-16

    Advice September 2016

    The Teachers’ Pensions Agency will soon be sending out letters to members who have breached the Annual Allowance for the tax year 2015-16.

  • Pension statements now available online

    Advice September 2016

    f you are a member of the Teachers’ Pensions Scheme, your benefit statement is now available online.

  • Are you retiring this August?

    Advice March 2016

    Are you looking to draw on your pension benefits between 6 April and 31 August 2016? If so, you might need to apply for protection.

  • Working overtime?

    Leader article March 2016

    Pension rule changes mean a later retirement for more teachers, so start planning for it now, warns Stephen Casey.

  • Written statement on Public Service Pension Indexation and Revaluation 2016

    Advice February 2016

    On 2 February 2016 the Chief Secretary to the Treasury published a written statement on Public Service Index and Revaluation 2016. This announcement affects anyone with a public service pension scheme and advises the calculations used during the annual revaluation of public service pensions.

  • Know your Rights

    Leader article January 2016

    Academies have changed the landscape on employment and too often staff find themselves with fewer entitlements than expected, so study your contract before you sign, says Sara Ford.

  • The taxman cometh

    Leader article September 2015

    Changes to the Lifetime Allowances limit are likely to mean more of us paying tax on our pensions, says Stephen Casey.

  • Making allowances?

    Leader article July 2015

    Pay rises could push you over the tax relief limit and into trouble with HM Revenue & Customs (HMRC) so check your position, warns Stephen Casey.

  • Retiring thoughts - pensions

    Leader article April 2015

    Stephen Casey and David Binnie highlight the changes in the pipeline for teacher pensions.

  • Pensions – Countdown to change

    Leader article October 2014

    With six months to go before the implementation of the reformed Teachers’ Pension Scheme (TPS), David Binnie highlights the main issues behind the modifications.

  • Feeling taxed?

    Advice April 2014

    Personal taxation is becoming increasingly complex, with many more people being obliged to move to self-assessment tax returns that can prove complex and are prone to errors.

  • Increase to employer pension contributions

    Advice March 2014

    ASCL received a letter from the DfE last week that outlines a proposed increase of 2.3 per cent in employer contributions to the Teachers’ Pension Scheme, taking the contribution to 16.4 per cent.

  • HM Treasury valuation of Teachers’ Pensions Scheme (TPS)

    Advice March 2014

    This information is an extract from a letter that ASCL has received from the DfE related to the valuation of the Teachers’ Pension Scheme. The letter gives a clear indication of a proposed increase in employer contributions to the TPS.

  • Annual pension increase

    Advice February 2014

    Members receiving pensions from the Teachers’ Pension Scheme (TPS), Local Government Pension Scheme (LGPS) or other public sector pensions, will receive a pension increase from April 2014.

  • Pensions unpicked

    Leader article February 2014

    Even if your planned retirement date is some way off it is worth being prepared. There may be unexpected circumstances that bring the date forward or possibilities within your pension scheme that you hadn’t thought about. There are a number of aspects to consider.

  • Help in testing times

    Leader article February 2014

    In the event of illness or worse, what pension benefits can you or your family draw on? David Binnie explains.