Teachers Pension Calculator

Free UK Calculator

Teachers Pension Calculator UK

Calculate your Teachers\' Pension entitlement and commutation options.

Free, accurate calculator with no signup required.

Teachers\' Pension Calculator

Calculate your Teachers\' Pension entitlement. Support for CARE (2015+) and Final Salary (pre-2015) schemes:

Enter Your Details

£

Annual Pension

£20,408.16

Plus any early retirement boost

Monthly Pension

£1,700.68

per month

Max Lump Sum Available

£61,224.49

Up to 25% of pot

Years of Service

25

of 25 years

Disclaimer: This calculator is based on standard Teachers' Pension scheme rules. Your actual entitlement may vary. For official pension information, contact Teachers' Pensions directly.

About Teachers\' Pension

Key Benefits

  • Early Access: From age 55 with enhanced boost
  • Commutation: Up to 25% can be taken as lump sum
  • Inflation Link: Pension increases with CPI
  • Survivor Benefits: Family protection included

Scheme Options

  • CARE: 1/49th career average (from 2015)
  • Final Salary: 1/80th final salary (pre-2015)
  • Maximum Years: 40 years count towards pension
  • Boost Age: 3% enhancement per year before 60

Frequently Asked Questions

Can I retire early with enhanced benefits?
Yes! Teachers can access their pension from age 55, and you receive an enhanced early retirement boost (approximately 3% per year before age 60). This makes early retirement particularly attractive for teachers.
What is commutation?
Commutation allows you to trade up to 25% of your annual Teachers\' Pension for a one-off tax-free lump sum at retirement. This is optional and completely tax-free.
How does the CARE scheme differ from Final Salary?
CARE (from 2015) is based on your career average earnings at 1/49th per year. Final Salary (pre-2015) is based on your final salary at 1/80th per year. CARE has a better accrual rate but depends on career average rather than final salary.
Is my Teachers\' Pension taxable?
Your Teachers\' Pension is subject to income tax but not National Insurance. Any lump sum from commutation is completely tax-free.