Early Retirement Calculator (2026/27)
Plan your Teachers’ Pension
Stop guessing. Use our tools to project your income, calculate tax-free cash, and understand your options.
Updated for 2026/27. See how your pension changes if you retire at 55, 57, 60 or wait until your Normal Pension Age (NPA). The calculator applies the current GAD actuarial factor set across Final Salary and CARE benefits.
Minimum Pension Age: Many existing TPS members retain a protected minimum pension age of
55 if they had qualifying scheme service before 4 November 2021.
For members without that protection, the normal minimum pension age rises from 55 to
57 from 6 April 2028. Use the protection question below so the calculator applies the appropriate rule.
Before you decide on early retirement...
Early retirement reduces your annual income permanently. Use our full Teachers’ Pension simulator to model Phased Retirement or AVC contributions and compare the wider retirement picture.
Frequently Asked Questions (2026/27)
From 6 April 2028, the normal minimum pension age rises from 55 to 57 for members without a protected pension age. Many existing Teachers’ Pension Scheme members who had qualifying service before 4 November 2021 retain a protected minimum pension age of 55. Check your own scheme record before relying on this for a retirement decision.
If you are an active member, your employer's consent is required. However, under TPS rules, this consent cannot be withheld for more than six months. You must terminate all teaching contracts before your pension becomes payable.
Yes. Because your annual pension is reduced, the maximum amount you can "commute" for cash is also lower. Our calculators apply the current Lump Sum Allowance (LSA) limit used by that calculator.