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
No targets found
target audience
Course Types
Course
Course categories
All Schools / Training for CCG Staff / Training for PCC Staff
Subject
No categories found
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