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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.