Pre-retirement Course for GPs

Summary: To encourage a positive and realistic approach to a financially secure retirement and help delegates make informed choices about their retirement.

Course objectives:

• Changes in your lifestyle and options available to build a new way of life
• Choices you need to make about your occupational pension before you leave
• Where you can expect income from and how it is taxed differently in retirement
• What different savings and investments can do for you
• Why increased life expectancy escalates the dangers of inflation and how to combat it
• How to ensure your estate is passed to your intended beneficiaries
• How to deal with long term care costs and inheritance tax
• Understand your next steps & where you can receive further guidance & advice

Course structure:

Changes to your lifestyle

• What does retirement mean for you?
• What work gives you?
• Changes in the use of your time
• Making the most out of retirement

When can I retire?

• Expenditure in retirement
• Can you afford to retire?
• Changing income needs

State pensions and benefits

• State pension ages
• The new state pension
• Other age related benefits

Workplace pensions

• Defined Benefit schemes
• Defined Contribution schemes
• Retirement ages
• Choices at-retirement

Inflation

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

Savings and investments

• Risk and return

Personal taxation

• Income tax
• Personal savings allowance
• Tax free dividend allowance
• Capital gains tax
• ISAs

Estate planning

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

Long term care

• Financial assessment

Software: This is an online training that will be delivered on Microsoft Teams.

Booking: Please click here to book your place.