Securing your Future: Finance for Life and Well-being

Objective

This 90 minute workshop is designed to provide participants with a clear understanding of pensions and will planning, helping them make informed decisions for their financial future and legacy planning. The session will cover the importance of pension contributions, retirement planning, and the legal aspects of Will preparation, ensuring participants feel confident in securing their financial well-being and protecting their loved ones in the future.

Outputs

• Gain an understanding of how pensions work, including different types of pension schemes (State, Employer and Personal); contribution strategies and tax relief.
• Learn how to check your state pension forecast and how to address any gaps in your class 2 national insurance contributions.
• Understand how to effectively plan for retirement, ensuring financial stability in later life.
• Explore key legal considerations in will planning, including how to structure a Will to ensure assets are distributed according to personal wishes.
• Understand the importance of inheritance tax planning and strategies to minimise tax liabilities for beneficiaries.
• Discover how to navigate common challenges in estate planning and avoid potential legal disputes – what happens and the impact of not leaving a Will.
• Understand what income is subject to capital gains tax and tax benefits between spouses.