Length of course: half day (face to face)


To give employees a greater understanding of financial options, as a result of redundancy and leaving service early.

Aimed at

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

Learning Objectives

  • Explain the key financial issues relating to leaving service early and the available options
  • Provide support in decision making when offered early severance or redundancy
  • Explore choices which need to be made about occupational pension before leaving
  • Identify where income is expected to come from and how it is taxed differently
  • Understand the State Pension and different types of workplace pensions
  • Learn about the risks and reward involved in savings and investments
  • Find out how to ensure the estate is passed to the intended beneficiaries
  • Understand the next steps and where to receive further guidance and investment advice

Course Structure

Statutory redundancy and personal taxation

  • Rights to redundancy pay
  • Statutory redundancy pay
  • Taxation of severance payments
  • Potential for tax refunds
  • Income tax
  • Tax refund claims

Workplace specific redundancy terms

  • Exit payments
  • Pension options
  • Re-employment

Workplace pensions

  • Defined Benefit schemes
  • Defined Contribution schemes
  • Workplace pension explained
  • Options on leaving the pension scheme
  • Tax allowances

The State Pension and other support

  • Explaining the State Pension
  • State Pension eligibility
  • Support and benefits you may be entitled to
  • Pension scams

Repayment of debt

  • Personal budgeting
  • Mortgage and debt
  • Financial goals

Making the most out of the situation

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


  • Income tax in retirement
  • Tax allowances
  • ISAs

Estate planning

  • Inheritance tax
  • Wills and intestacy
  • Power of attorney

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