Abacus

When you retire is likely to be one of the most important financial decisions you will make.  Knowing that your financial plans are in order and in line with your expectations can give you valuable peace of mind.

Having a clear picture of your current financial situation and knowing you’re not paying more tax than you need to are key to this.

To assist you, the College regularly run a series of workshops available to all staff to assist with their financial planning.

Financial Awareness

At this informative presentation you will learn and understand the impact financial planning has on your future. It is never too early to plan for your retirement. Your pension is an important factor in your financial success, and this session will provide you with the answers you need to make vital choices regarding your future.

The presentation will also feature areas where you may be able to save on taxation, and the tax saving benefits of an ISA. There will also be a discussion on how you may be able to save money on your mortgage. As well as educating and empowering you to create wealth for your future, you will also learn how you can protect your lifestyle through understanding the importance of making a Will and effective estate planning. This session runs at various times during throughout the year (depending on demand) and is open to all.

Duration 1 ½ to 2 hours

To register interest for this course please send an email to rsvp-pensions@imperial.ac.uk confirming your interest.

Planning for Retirement

This workshop takes a positive look at the changes that occur when you move from employment to retirement and should give you the confidence to look forward to a well-managed retirement.  

Key areas that will be covered include:

  • Your college pension
  • Flexible retirement options and part-time working
  • The State pension
  • How to save more for retirement
  • Investments
  • Taxation
  • Estate planning and inheritance
  • Long term care costs
  • Life after work

The session will be particularly relevant to you if you are planning to retire within the next two years, however, you can attend at any time.

Duration 3 hours

To register interest for this course please send an email to rsvp-pensions@imperial.ac.uk confirming your interest.

Pensions Taxation Surgeries

If you are a member of a pension scheme you benefit from part of your contribution which would normally automatically go to the Government in tax going into your pension instead.  There is no restriction on the amount that you can pay into your pension, but there are annual and lifetime limits on how much tax relief you can receive.

Further information of these limits and allowances can be found here.

If you think you might be adversely affected by these limits we would recommend you taking registered independent financial advice before taking any decision that might limit or cease your pension saving.

To help you understand what can be a complicated area we can arrange individual pension surgeries with an independent financial advisor.  Typically, these take place during Autumn after the issue of Annual Statements and Annual Allowance Statements and usually cover: -

•             Lifetime Allowance

•             Annual Allowance

•             Enhanced Opt-Out

•             Voluntary Salary Cap

•             Scheme Pays Arrangements

•             Non-pension saving & investment options

•             Income Tax Calculations

Duration 1 ½ hours

To register interest for this course please send an email to rsvp-pensions@imperial.ac.uk confirming your interest.