PENSION PLANNING FREQUENTLY ASKED QUESTIONS

What is the impact on my pension if I return to teaching?

Answer

If you have retired early or phased your retirement then you can return to teaching and your new salary will not affect your pension benefits. If you return to teaching on or after your normal pension age, then there is a limit as to how much you can earn before it will impact on your pension.

In short, your pension plus your new salary must not exceed the final salary that was used to calculate your pension. If the combined figure exceeds this, then your pension will be reduced by the equivalent amount.

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