When it comes to thinking of what retirement options teachers have, there are numerous routes to consider. These include age-related retirement, phased retirement, early retirement, and “retire and return”.
Age-related retirement
Some teachers choose to take their retirement at the age specified by the Teachers’ Pension Scheme (TPS). This has become somewhat more complicated recently, as there are now two schemes with three different retirement ages – pre-2007 is age 60, post-2007 is age 65, and post-2015 is the state pension age.
It is probably fair to say that we don’t come across a high number of teachers who wish to work until age 67 or 68. In general we see a greater number of teachers seeking to retire younger.
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