Renfrewshire Council

Dates

15 February 2024 1pm to 3.30pm

25 March 2024 1pm to 3.30pm

18 April 2024 9.30am to 12 noon

15 May 2024 1pm to 3.30pm

14 June 2024 9.30am to 12 noon

Course Outline

To encourage a positive and realistic approach to a financially secure retirement and help delegates make informed choices about their retirement. This course is perfect for you if you are within 3 years of retirement and require more information about how to maximise retirement savings.

Course Objectives

During the course you'll will:

• 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 investments
• Discover why increased life expectancy escalates the dangers of inflation and how to combat it
• Find out how to ensure your estate is passed to your intended beneficiaries
• Understand Inheritance Tax
• Understand the next steps and where to receive further guidance and regulated financial advice

Course structure

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

Employer specific workplace pension

• Overview of the scheme(s)
• Retirement income options
• Options for increasing benefits
• Adult survivor's pension

Savings and investments

• Financial goals
• Understanding investment risk
• Risk and return in the real world

Taxation

• Income tax in retirement
• Tax allowances

Estate Planning

• Inheritance Tax
• Wills and intestacy
• Power of Attorney

Suitable for

All employees considering retirement in the next few years.

Format

A trainer-led online workshop, through Microsoft Teams.

Workshop Duration

Two and a half hours.

How to book

To book the course please use this Course Nomination Form.

For more information, please: 

• Email: orgdev.cs@renfrewshire.gov.uk

Notes

Arrangements will be made on request for delegates with additional requirements.