There will be a 2.2 per cent increase in teachers’ pensions from 8 April 2013 with a proportionate increase for teachers who retired part-way through the year.
This 2.2 per cent increase is linked to CPI inflation rather than the 2.6 per cent had the RPI link been maintained.
The NUT, as an affiliated organisation of the Public Service Pensioners’ Council (PSPC), is asking retired NUT members to send their MP a letter, using the attached template, telling them how the switch to CPI indexation is affecting them.
The Government have switched the indexation method used to increase pensions from the RPI to the CPI. This document explains how the decision will affect the pensions of retired teachers and those yet to retire.
These documents are the NUT and Public Service Pensioners’ Council (PSPC) responses to the Office for National Statistics consultation on possible future changes to the Retail Prices Index. The original ONS consultation document is also included.
The Government has announced plans to phase out the age-related personal allowance and instead have a single personal tax allowance regardless of age.
From April 2013 existing age-related allowances will be frozen at their 2012-13 levels until the personal allowance for the under-65s catches up. Age-related allowances will no longer be available to people who turn 65 on or after 6 April 2013. The income limit at which the age-related allowances begin to be clawed back will rise to £25,400 in 2012-13.
Please sign the petition and urge your colleagues and friends to do the same.
ONS consultation on inclusion of owner-occupier housing costs in Consumer Prices Index (CPI) – NUT response
These are the NUT and Public Service Pensioners’ Council responses to the recent Office for National Statistics (ONS) consultation on the inclusion of owner-occupier housing costs in the Consumer Prices Index (CPI). The original ONS consultation document is also included.
This document gives an overview of the decisions affecting pensions in the 2012 Budget.
There will be a 5.2 per cent increase in teachers’ pensions from 9 April 2012 with a proportionate increase for teachers who retired part-way through the year.
This 5.2 increase is linked to CPI inflation rather than the 5.6 per cent had the RPI link been maintained.
The Pensions Act 2011 accelerates increases in the state pension age. The state pension age for women will reach 65 by November 2018 and the state pension age for men and women will reach 66 by October 2020. The document shows state pension ages for those in the transition period.
This is the NUT response to the DWP Green Paper ‘A state pension for the 21st century’, which seeks views on simplification of the state pension system and increasing the state pension age.
There will be a 3.1 per cent increase in teachers' pensions from April 2011.
Members who retired part-way through the year will receive a proportionate increase.
There will be a 0 per cent increase in teachers’ pensions in April 2010.
This model letter is designed to help members who will lose out from the abolition of the 10 per cent income tax band from April 2008, and their representatives, to lobby MPs.
Retiring from teaching? I have good news for you. Just because you are retiring from the profession, it does not mean that you have also to retire from the NUT.