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Latest News

Teachers to benefit from new stakeholder pension scheme

by Personnel Today 17 May 2001
by Personnel Today 17 May 2001

Tens of
thousands of teachers will benefit from the Teachers’ National Stakeholder
Pension Scheme, which has just been launched.

The scheme,
set up by 15 teaching associations under the TUC’s Stakeholder Pension Scheme,
is designed to supplement the benefits of teachers earning under £30,000-a-year
on the existing Teachers Pension Scheme.

“The
teachers’ National Stakeholder Pension Scheme will help many teachers save in a
cost-effective way for a more comfortable retirement. It can also be of
particular benefit to people who started their teaching career later in life
and who will not be able to build up entitlement to a full occupational
pension,” said John Monks, the TUC’s general secretary.

The scheme’s
benefits include tax-free lump sums of up to 25 per cent of pension funds and starting
contributions from £10.

By Paul Nelson. Click here to respond

www.prudential-stakeholder.co.uk/tuc-teachers

Personnel Today
Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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Personnel Today
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