Date: 19/05/2021

Time: 1 - 3pm

Software: This is an online training that will be delivered on Microsoft Teams.

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

Course objectives:

Changes in your lifestyle and options available to build a new way of life
Choices you need to make about your occupational pension before you leave
Where you can expect income from and how it is taxed differently in retirement
What different savings and investments can do for you
Why increased life expectancy escalates the dangers of inflation and how to combat it
How to ensure your estate is passed to your intended beneficiaries
How to deal with long term care costs and inheritance tax
Understand your next steps & where you can receive further guidance & advice

Course structure:

Changes to your lifestyle

What does retirement mean for you?
What work gives you?
Changes in the use of your time
Making the most out of retirement

When can I retire?

Expenditure in retirement
Can you afford to retire?
Changing income needs

State pensions and benefits

State pension ages
The new state pension
Other age related benefits

Workplace pensions

Defined Benefit schemes
Defined Contribution schemes
Retirement ages
Choices at-retirement

Inflation

How inflation can erode the value of money
Life expectancy

Savings and investments

Risk and return

Personal taxation

Income tax
Personal savings allowance
Tax free dividend allowance
Capital gains tax
ISAs

Estate planning

Inheritance tax
Wills and intestacy
Lasting Power of attorney

Long term care

Financial assessment

Pre-retirement Course for GPs