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Pensions

Discussion in 'Trainee and student teachers' started by teacher_86, Jun 4, 2011.

  1. Hi,
    I wonder if anyone could give me any advice on pensions.

    I am a student teacher starting a position in september and currently filling out lots of forms.

    I have been sent a Local Government Pension scheme form from my school. Or is the Teachers Pension Scheme better to join?

    Any advice I would be very grateful! Thank you
     
  2. The current standard scheme for teachers is the teachers' pension scheme (TPS) - it may well be that the local scheme is similar but ingeneral the best scheme (even with the proposed changes) is the TPS.
    James
     
  3. p.s. I should add that I am no financial adviser and you should ask about the differences between the schemes and take advice on the best one for you.
    James
     
  4. welshwizard

    welshwizard Established commenter Forum guide

    The usual default position is that teachers are entered into the teachers pension schme unless you choose to opt elsewhere. Full details of the scheme is on the teacher pensions website. You can only opt into another scheme with specific permission but you need to consider that carefully before committing elsewhere as the TPS is still a good scheme-until the Gove changes it.
     

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