Congratulations on starting on the ‘home run’ to retirement.
Leaving behind the hustle and bustle of the school corridors, the lesson planning and staff meetings can feel very appealing after many years teaching, but once the euphoria of escaping the classroom has passed, how will you fill your days?
Your teaching career has taken up a large part of your life, moving into retirement from a professional role surrounded by work colleagues (and rowdy children) can leave a large hole to fill.
Retirement doesn’t have to be a cliff edge event!
Now is the time to start giving some thought to the lifestyle you want in retirement.
Ask yourself –
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Do I have some immediate plans in mind? –
A well earned holiday, perhaps a retirement party, or, as with many retirees, you could be considering downsizing your property and moving to a new home.
These plans could keep you busy for the early days of your retirement, but what about after the dust has settled – how will you spend your time?
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As well a organising my pension and finances, how do I prepare for my changing lifestyle?
Whilst organising your pension and finances is something you will need to do, having positive goals and plans will make it easier to adjust to the emotional and practical implications of your changing lifestyle.
Get into good habits and keep your mind and body healthy.
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Get answers to your questions, use the resources available to you, and look forward to a fulfilling life after retirement. Here are some contacts you may find useful but you can find out more simply by searching online:–
Age UK
You can access useful information about planning your retirement lifestyle – from health and wellbeing issues to classes, courses and education.
www.age.uk.org
Teacher Support Network (TSN)
Practical and emotional support for teachers approaching retirement. Useful downloads and fact sheets.
www.teachersupport.info
The Retired and Senior Volunteering Programme
RSVP works in local communities with volunteers’ aged 50+.
www.csv-rsvp.org.uk
About Us
Teachers Assurance has been looking after the financial interests of education professionals and their families since 1877.
Our nationwide team of Financial Consultants have expert knowledge of the Teachers Pension Scheme. This means they are able to offer a retirement planning service that will take into account existing benefits, identify any shortfalls, and offer financial solutions to address them.
As well as retirement, our consultants provide advice on investments, savings and protection products and services from Teachers Assurance and selected third party providers.
To arrange to receive financial advice or find out more about the services offered by Teachers Assurance, visit www.teachersassurance.co.uk or call Freephone 0800 056 0563
This article contains information that is based on our understanding, as at 18 April 2010, of current taxation, legislation, Teachers Pensions and HMRC, all of which may change without notice. The impact of taxation (and any tax reliefs) depends on individual circumstances.
None of the information contained in this article should be considered as advice to save, invest or purchase. If you have any doubt as to whether or not a product is suitable for you, please ask us for advice. We are only able to advise on our own products and those of selected third party providers.
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