Length of course: half day

Summary

To give individuals greater confidence in addressing financial issues when faced with redundancy or leaving service early.

Suitability

Anyone considering leaving employment early on, early retirement or early severance terms, due to redundancy.

Course Objectives

  • To ease financial concerns by clarifying key financial issues in particular those related to leaving service early and how best to deal with them
  • To assist with decision making when offered early severance or redundancy
  • Understand your next steps & where you can receive further guidance & advice

Course Structure

Statutory redundancy & personal taxation

  • How much is statutory redundancy pay?
  • How is it taxed?
  • How to claim a tax refund
  • Income tax Personal savings allowance
  • Tax free dividend allowance
  • Capital gains tax
  • ISAs

Workplace pensions

  • Defined Benefit schemes
  • Defined Contribution schemes
  • Options on leaving the pension scheme

State pension & benefits

  • State pension ages
  • The new state pension
  • Jobseekers Allowance
  • Universal Credit
  • Other benefits

Assessing your finances

  • Insurance policies
  • Personal budgeting
  • Mortgage & debt
  • Financial goals

Making the most out of the situation

  • Savings & investments
  • Boosting your pension savings

Inflation

  • How inflation can erode the value of money
  • Life expectancy

Savings & investments

  • Risk and return

Estate planning

  • Inheritance tax
  • Wills and intestacy
  • Lasting Power of attorney

To download a copy of the course description, please click below.

Affinity-Connect-Redundancy-2.pdf

For further details please contact events@affinityconnect.org or contact Training on 0800 019 6076.