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Teacher pension question

(8 Posts)
Elizanotlittle Wed 14-Feb-18 11:31:18

Sorry I am really rubbish at working these things out but if I was a teacher for 20 years just starting now.

Earning up to m6 so just over 30k

Can anyone estimate how much would this be worth?

Enough to live?

Aghh I hate getting old.

Valkyrie99 Wed 14-Feb-18 11:41:13

sorry i cant help but would like to know the answer too

MaggieMay23 Wed 14-Feb-18 11:48:34

I'm sure that there's a calculator on the teachers pension website you can use. That's how I worked mine out

ChasedByBees Wed 14-Feb-18 11:52:57

Don’t you receive statements? If not, could you request one from the pension administrator?

Elizanotlittle Wed 14-Feb-18 11:55:04

I have just started so the statements aren't much help at the moment.

Arapaima Wed 14-Feb-18 12:02:42

Try the online calculator on the website.

Elizanotlittle Wed 14-Feb-18 12:07:57

Does this seem right?

Silvergran68 Wed 14-Feb-18 12:11:48

I think it is still 1/80th of your final salary averaged over last 3? years of service for every year you've worked. If you work part-time the number of years is calculated to full time equivalent eg 2 years at .5 equals 1 year of service.

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