Which month to retire?

wenchem

Wenchem
Hi all, I'm considering retiring in a year or two. As we're pro rata, TTO our wages are spread over the year. (Not paid for all the holidays like the teachers :confused:)
Does anyone know if leaving in a certain month would be more advantageous financially please?
 
You need to talk to your HR department about this one as it may be impacted by your schools holiday dates and when you started in the year.
 

wenchem

Wenchem
You need to talk to your HR department about this one as it may be impacted by your schools holiday dates and when you started in the year.
We don't have an HR department as such, unfortunately. I'll go and see the office manager, thank you.
 
When I left my last place, handed in notice at end of summer term, with letter asking date of notice to start on X date (notice period from start of next term).
They therefore started my notice period from end of summer term, and I was told that as the finance office worked in the holidays, I could have handed it in during the holidays, so lost a few weeks pay..
Just sayin'...
 

wenchem

Wenchem
When I left my last place, handed in notice at end of summer term, with letter asking date of notice to start on X date (notice period from start of next term).
They therefore started my notice period from end of summer term, and I was told that as the finance office worked in the holidays, I could have handed it in during the holidays, so lost a few weeks pay..
Just sayin'...
Ooh interesting. Thanks.
 
I handed my notice in last week - said I wished to give notice that I am leaving with my last day of employment as 31st August 2023. Our business suggested I did it this way so there was no confusion and even though not paid for school holiday my contract runs september to september.
I had wanted to give them some notice so they could advertise for a replacement in advance but hadn't wanted to give them an inch over paying me less!!!
 
Easter as the leavers collection pot will be shared with less people. ;)
We all pay a few pounds into the "Common Room" fund every month which is then used to fund staff places at events, cards/gifts for significant events and leaving presents (you can opt out).
 
When I left my last school I gave them 31st August as my leaving date and popped in specifically to give them my keys on that day. They said I could choose whether to finish on 31st July or 31st August but that if July they would pay me double in July as they would owe me the pay for August anyway. I chose August as less tax/NI to pay. (Also, I didn't entirely trust them to do it properly.) You can give more notice than the contract says - I did so they could try to appoint a replacement.
 
When I retire I plan to give my notice in before Christmas and retire on the last day of the Autumn term because I hate the cold/dark starts of January and February.
I got a new job last summer which started in a new school on the 1st September so I gave my notice at my old school on the 31st July.
If you complete a full academic year and leave mid way through July they should pay you until the end of August as our salaries are split equally over 12 months.....
 
At my previous school, I started in the March and, when I wanted to hand in my notice years later to start at my new school on 1st September, I was told that I would owe the school about a months salary if I left on 31st August:eek:. This was because of when the holidays fell versus the actual days I'd worked. It was better to leave on 31st July.

In answer to your question, it will depend on when in the year you started at your current school. HR should be able to help nearer the time.
 
I handed my notice in last week - said I wished to give notice that I am leaving with my last day of employment as 31st August 2023. Our business suggested I did it this way so there was no confusion and even though not paid for school holiday my contract runs september to september.
I had wanted to give them some notice so they could advertise for a replacement in advance but hadn't wanted to give them an inch over paying me less!!!
I've done it that way. Your pay is worked out as though you will work a whole academic year and if you don't complete the year, somehow some of it disappears. Don't ask me what magic goes on in HR but they have some fancy calculation. Plus I think it counts for your pension as being in employment too.
 
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