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Pensions and planning for a positive retirement

Venue
WEBINAR, Civic Offices, Floor 1, Core 6, Guildhall Square
venue
Course Tutors
Zoe Spillett
tutors
Admin Contact
Target Audience
NHS / CCG
target audience
Course Types
Course
Course categories
All Schools / Training for CCG Staff / Training for PCC Staff
Subject
Finance
Course description

To encourage a positive and realistic approach to a financially secure retirement and help delegates make informed choices
about retirement.

Training objectives

Explore changes in lifestyles



  • Identify where income is expected to come from and how it is taxed differently in retirement

  • Understand the State Pension and different types of workplace pensions

  • Learn about the risks and reward involved in savings and investment

  • Discover why increased life expectancy escalates the dangers of inflation and how to combat it

  • Find out how to ensure the estate is passed to the intended beneficiaries and about inheritance tax

  • Understand the next steps and where to receive further guidance and regulated financial advice

Learning outcomes

Changes to lifestyles



  • What does retirement mean?

  • Changes in the use of personal time



Income needs in retirement



  • Considerations for retirement

  • Life expectancy

  • Taxation in retirement

  • Income and expenditure in retirement



The State Pension



  • Explaining the State Pension

  • State Pension eligibility

  • State Pension forecast



Inflation in retirement



  • How inflation can erode the value of money over time

  • Taxation

  • Income tax in retirement

  • Tax allowances


 


Employer specific workplace pension



  • Defined Benefit and Contribution schemes

  • Overview of the scheme(s)

  • Retirement options

  • Impact of early retirement

  • Options for increasing benefits

  • Adult survivors pension



Savings and investments



  • Financial goals

  • Understanding investment risk

  • Risk and return in the real world



Estate Planning



  • Inheritance Tax

  • Wills and intestacy

  • Power of Attorney

Additional Information

Aimed at: Employees, regardless of grade considering retirement and would like information on how to plan for a financially secure future

 

 

Start Date
Monday 23 May 2022
End Date
Monday 23 May 2022
Closing Date
Sunday 22 May 2022
Times
13:00 - 15:30
Maximum Places
20 
Cost
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Number of Sessions
1