Best Practice

Early retirement: Five things teachers must consider

More teachers than ever before are considering early retirement. Lee Quinn, a specialist financial advisor, outlines the key factors to keep in mind for those considering stepping away from the profession

The pressures of the pandemic have put a huge strain on teachers, prompting many to rethink their personal and professional ambitions. For some, sadly, this means retiring earlier than planned.

Research conducted for Weselyan by TeacherTapp and due to be published soon, has revealed that 21% of headteachers at schools in England accelerated their retirement plans in the 12 months to April 2021, with 8% now planning to retire before the end of 2022.

What’s more, 19% of teachers with more than 20 years’ experience are now planning to leave the classroom early, with those who have changed their plans pointing to a lack of work/life balance (83%), high workload (72%), and stress (70%) as the leading drivers.

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