thousands of teachers will benefit from the Teachers’ National Stakeholder
Pension Scheme, which has just been launched.
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.
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.
benefits include tax-free lump sums of up to 25 per cent of pension funds and starting
contributions from £10.