Teacher Pension Calculator UK (2026/27)

Teachers’ Pension Scheme (TPS) Calculator

Use this free teacher pension calculator to estimate your Teachers’ Pension Scheme (TPS) retirement income for 2026/27. It combines CARE and Final Salary benefits and lets you test different retirement ages, part-time work, career breaks, phased retirement, AVCs and tax-free cash.

"As a teacher, can I retire at 55?", "How much could my teachers’ pension be worth?", or "What happens if I retire early?"

This unofficial Teachers’ Pension calculator and retirement modeller projects your pension using the figures you enter from your benefit statement. Unlike a simple one-pot estimate, it can combine NPA 60, NPA 65 and CARE (2015+) benefits in one place. (No data is saved after you close the browser).

What does this teacher pension calculator show?

The calculator estimates your projected annual Teachers’ Pension and tax-free cash using the pension amounts and salary information you enter. It can model both Final Salary and CARE service, including early-retirement reductions and later-retirement adjustments where supported by the current factor tables.

You can also explore the effect of working part-time, taking a career break, using phased retirement, adding AVCs or changing your planned retirement age. This is an unofficial planning tool rather than an official Teachers’ Pensions quotation.

Current Status:
Your Current Pension (from your Benefit Statement)
Auto lump sum included
Future Assumptions (The Math Bit)
Event Type
Start
End
Value
Add part-time work, breaks, or strikes.
%
Abatement: If New Salary + Pension > Previous Salary, pension may be reduced.
Not Available
McCloud Remedy only applies to members with Legacy (Final Salary) service.
£
£
Your Projected Benefits
5560 (FS80)65 (FS60)70
Annual Pension

£0

Lump Sum (Tax-Free Cash)
Auto Lump Sum (80s):
£0
From AVC Pot:
£0
Exchanged Pension:
£0
Pension Left:£0
Projected Pension Build-Up
Build-up values are shown before any early-retirement reduction. Ready
Explanation & Insights
Loading insights...
* Estimates are only as accurate as the inputs provided. Check your latest MPO Statement for official figures.

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If this website helped you, you can support future development and hosting with a one-off Ko-fi donation. Made for teachers, by teachers.

Frequently Asked Questions

Your benefit statement shows what you have banked today. This tool projects the future. It assumes your Final Salary pots grow by your Salary Growth % and your CARE pot grows by CPI + 1.6% every year until you retire.

Yes, you can opt out. Your employer would no longer pay its employer contribution towards your active scheme membership, and you would give up associated scheme protections. The employer contribution rate is a scheme-funding rate and should not be interpreted as the same amount of extra salary being available to you.

The current minimum pension age is 55 (rising to 57 in 2028). However, if you take your pension before your Normal Pension Age (60, 65, or SPA), it will be "Actuarially Reduced". This reduction is permanent. Use the "Retirement Age" slider above to see the impact of early retirement.

To give you tax-free cash, the calculator prioritises:
  1. Automatic Lump Sum: (From your NPA 60 pot).
  2. AVCs: If you entered an AVC pot, it uses this next (highly efficient).
  3. Commutation: It trades annual pension for cash at a 12:1 rate.
We automatically cap the slider at £268,275 (HMRC LSA) or 25% of pot value.

The McCloud remedy covers eligible service in the remedy period. This page can only provide an illustrative comparison because it does not collect the historic pay and service detail needed to reproduce an individual remedy calculation. Use your official Teachers’ Pensions remedy information for decisions.

There is no single figure because the result depends on your salary history, pension section, retirement age, inflation, CARE revaluation and any career breaks or part-time service. Enter the pension amounts from your latest benefit statement and use the calculator above to model your own projected outcome.