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

Understanding your finances is a key part of planning for your future and these two sessions aim to help you understand what you have and what you can do to provide better outcomes for you and your family.

Foundation of Financial Wellbeing

This session covers the basics of money and finance including tax, savings and mortgages.

Duration 1 hour

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

Next session: 29 September 2021, 11:00 a.m.

Investments and pension

How to invest for the future and how your pension wrks.

Duration 1 hour

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

Next session: 30 September 2021, 11:00 a.m.

You may register to attend both or just one of these sessions which will be delivered using Zoom.

Pre-Retirement Workshop

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 content of this session will be particularly relevant to you if you are planning to retire within the next two years as information and advice changes regularly. If you are not, you may find the Financial Awareness session will be more relevant.

Duration 3 hours

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

Next session: 27 October 2021, 10:00 a.m.

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.