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Summary
To encourage a positive and realistic approach to a financially secure retirement and help employees make informed choices about retirement.
Aimed at
Employees, regardless of grade considering retirement within the next three years.
Learning Objectives
- Identify changes in lifestyles and options available to build a new way of life
- 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 investments
- Discover why increased life expectancy escalates the dangers of inflation and how to combat it
- Understand the next steps and where to receive further guidance and regulated financial advice
Course Structure
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
Employer specific workplace pension
- Defined Benefit schemes
- Defined Contribution schemes
- Explanation of the scheme(s)
- Options at retirement
- Impact of early retirement
- Options for increasing benefits
- The impact of death in retirement
- Options on how to receive your pension(s)
- Pension scams
Inflation in retirement
- How inflation can erode the value of money over time
Savings and investments
- Financial goals
- Understanding investment risk
- Risk and return in the real world
Taxation
- Income tax in retirement
- Tax allowances
For further details please contact events@affinityconnect.org or contact Training on 0800 019 6076.