Planning for a Positive Retirement
Workshop objectives / Forward planning is advisable when making any major change in life and retirement is no exception. Make sure your plans are realistic, based on knowledge not myth, that you approach retirement with a positive attitude, and aim for a healthy and financially secure retirement. Delegate satisfaction results from these workshops are in excess of 99% year on year. Below are some of the more frequent comments we have collected from delegates who have previously attended:
“I thought I had sorted my retirement plans, now I realise I need to rethink them”
“it was really helpful to discuss things with others in the same position”
“it gave me a different perspective and good ideas”
Join colleagues and a Retirement Specialist (Affinity Connect) at a pre-retirement workshop to consider a range of issues related to retirement and decisions you will need to make before you leave. For date(s) and further details see below.
Suitability / For those considering retirement within approximately the next two years due to normal, early, flexible or ill health retirement.
Partners are encouraged and welcome to attend (subject to your employers consent)
To book a place / Please book on course booking
Date(s):
Time:
Location: / Available on course bookings
Agenda / Lifestyle Changes
Managing Change
Identifying delegate concerns
Lifestyle, relationships, status, time, motivation
Planning for the future
Creating a new future
Using time effectively
Volunteering, leisure & learning opportunities
Further employment
Maintaining health
Mental, physical & social emotional
Holistic approach - practical steps
Personal action plan
Income in retirement
Occupational Pension (as relevant to delegates)
Benefits at retirement
Income and tax free cash
Decisions/choices before you leave
Flexible retirement (if applicable)
AVC, other pension contracts
Annuities, drawdown, Open Market options
Survivor’s benefits
Early retirement (if applicable)
Pension changes
State pension & other benefits
Maximising entitlement & options
Graduated, SERPS, S2P, Basic
Future changes to pension
Other age related benefits (winter fuel, prescriptions, pension credit, bus pass, etc.)
Personal taxation
Calculate net income & changes at retirement
Tax tips / Money Management
Budgeting in retirement
Changes in income and expenditure
Repaying debt
How to use income and capital
Understanding and combating the effects of inflation and increased life expectancy
Making your money last as long as you do
Investment principles for income & growth
Emergency funds
Banks, building societies, property, gilts, shares
Asset Allocation
Planning a portfolio
Making your money last as long as you do
Managing and reducing investment risk
Ethical investment
Using cash to protect your investments
Guaranteed investments
Estate Planning
Legal Issues & Estate Planning
Wills – ensure your wishes are met
Power of attorney – retain control of your assets
Long term care
Inheritance tax
Thinking about the future
Making a start - an action plan
Professional advice – what to expect
Aim: / To encourage a positive and realistic approach to a healthy and financially secure retirement
Course objectives / You will have greater awareness of, and the tools to deal with,
  • the decisions and steps that need to be taken at the point of leaving employment
  • the likely changes in lifestyle and your relationships, and how to manage them positively
  • the options for learning, leisure and voluntary opportunities
  • the practical steps and a personal action plan to maintaining health in retirement
  • personal taxation & how it changes at retirement + tips to ensure you don’t pay more too much
  • entitlement to state benefits & impact on your occupational pension
  • impact of real inflation and increased longevity on your pension plans, and how to combat it
  • understanding investment principles and risk and how to manage/reduce it.
  • the costs of long term care
  • how a power of attorney and a Will can protect your assets for your beneficiaries
  • an opportunity to request independent financial advice (free, no obligation consultation)*
* This advice is provided by Affinity Financial Awareness (AFA) one of the largest providers of Independent Financial Advice to public sector employees. Your employer is not responsible for any financial advice given and they cannot recommend a Financial Adviser. Affinity Financial Awareness Limited is responsible for any financial advice they give you.
Affinity Financial Awareness Limited is authorised and regulated by the Financial Conduct Authority and is entered on the FCA register under reference number 409160 The FCA does not regulate the preparation of Lasting Powers of Attorney, Wills or Trusts. Affinity is a member of the Institute of Professional Will-Writers. Registered offices: 8 Farleigh Court, Old Weston Road, Flax Bourton, BS48 1UR. All Registered in England and Wales – registration numbers 5246999