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, 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, 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)
Standard active addition: 1.6%. Other values model a different scenario.
Event Type
Start
End
Value
Add part-time work, breaks, or strikes. End ages are exclusive. A salary change takes effect at its start and continues; leaving permanently has no end age. Returning after a break in service requires a scheme quotation and is not currently estimated.
%
Phased estimates are temporarily unavailable. Earlier pension payments, lump sums and the required salary reduction need to be assessed separately. Use Teachers’ Pensions for a phased-retirement quotation.
McCloud comparison unavailable
Use your Remediable Service Statement or ask Teachers’ Pensions to confirm eligibility and benefit options.
£
£
Your Projected Benefits
The age you want to retire. CARE Normal Pension Age above is a separate setting.
Annual Pension

£0

Lump Sum (Tax-Free Cash)

Assumes the full standard £268,275 lump sum allowance remains available and no protected allowance. AVC tax-free cash is limited to 25% of its projected pot; the rest stays separate and may be taxable when withdrawn. If you have used any allowance already, obtain a provider quotation.

Auto Lump Sum (80s):
£0
AVC tax-free cash:
£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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Frequently Asked Questions

Your benefit statement shows what you have banked today. This tool projects the future using your entered assumptions. For active members, Final Salary pots follow your Salary Growth % and CARE growth uses CPI + your selected uplift assumption (default 1.6%), with new accrual added. Deferred benefits use the CPI assumption only.

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. Change the "Retirement Age" field above to see the impact of early retirement.

The illustration uses automatic NPA 60 cash first, then up to 25% of the separate AVC pot, then pension exchanged at £12 cash for each £1 of annual pension. The TPS maximum accounts for the pension reduction caused by that exchange. For a CARE-only pension without AVCs, the maximum is annual pension × 30 ÷ 7. Combined tax-free cash is capped at the full standard £268,275 allowance, assuming none has been used previously. Protected allowances and prior withdrawals require a provider quotation. Optional exchange of legacy benefits assumes qualifying service on or after 1 January 2007.

The McCloud remedy covers eligible service in the remedy period. The comparison is temporarily disabled because this form does not collect the historic pay and service detail needed for it. No automatic remedy adjustment is applied. Use your official Teachers’ Pensions remedy information and statement figures.

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.