Redundancy

Length of redundancy 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.

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