Teachers’ Pension Calculator (UK)

Plan your retirement from the Teachers’ Pension Scheme

"As a teacher, can I retire at 55?", "How much is my maximum tax-free lump sum?", or "Does the McCloud remedy apply to me?"

This unofficial Unified Teachers’ Pension Modeller helps you answer these critical questions. While simple calculators only estimate one pot, this tool combines your Final Salary (NPA 60/65) and CARE (2015) benefits. It allows you to model complex scenarios like salary growth, moving to part-time hours, opting out, or taking Phased Retirement. (Note: No data is saved after you close the browser).

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
Pension Growth Over Time
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 at any time. However, you will lose the employer contribution (which is worth 23.6% of your salary), as well as your Life Assurance cover and Ill-health protection. Most financial advisers consider opting out to be a significant financial loss unless you have specific Lifetime Allowance issues.

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 prioritizes:
  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 corrects age discrimination for members who were in the scheme before 2012. It allows you to move service built up between 2015–2022 back into the Final Salary scheme. If the McCloud tab above is disabled, it is because you haven't entered any pre-2015 service (NPA 60/65).