To allow individuals to gain basic knowledge about pensions; savings and investing; credit history; mortgages/re-mortgages; protecting your family's future – wills & inheritance tax; getting advice.

The pre retirement training may be relevant for many healthcare staff that often have very little information in understanding of pensions and wills. Therefore the pre retirement training provided by Oak Tree Financial Training on behalf of Heart of England Foundation NHS Trust, intends to provide knowledge and information for staff to enable them to identify any pension related queries. To enhance their existing knowledge and attend the Pre Retirement Course may be beneficial to them. 

1. State pensions
• How the state pension is calculated?
• What is graduated/second state pension?
• Pension credit – what is it?
• Should you defer your state pension?

2. Taxation
• What income is taxable?
• What allowances can you claim?
• How is income tax calculated?

3. NHS Pensions
• What benefits does the scheme provide?
• How your state pension is calculated?
• The flexible retirement options available
• How can you increase your pension?

4. Other Pensions
• Types of company pension schemes
• Types of private pension schemes
• Annuities explained

5. Saving and investing
• The fundamentals!
• Types and levels of risk
• Deposit accounts/ISA’s
• Tax efficient investments
• Life assurance and protecting your family
• Equities/risk and reward

6. Credit history
• Why is it important?
• How to improve your credit rating?

7. Mortgages/Re-mortgages
• The different types of mortgage products
• Why re-mortgage?
• Equity release
• Lifetime mortgages
• Home reversion schemes

8. Wills and Inheritance Tax
• Why a will is important
• The intestacy laws
• Long term care and the issues
• The effective use of trusts
• Inheritance tax – the issues
• Lasting powers of attorney

9. How to get the best advice
• Financial advice
• Wills and estate planning

10. Heart of England NHS Foundation Trust
• Human Resources
• Employee Services

1. Formative assessment of group and individual discussions; written and verbal feedback; Question, Pause, Nominate, Answer (QPNA); continuous monitoring throughout the course

2. Formative group and individual discussions; written and verbal feedback; Question, Pause, Nominate, Answer (QPNA)

3. Formative group and individual discussions; written and verbal feedback; Question, Pause, Nominate, Answer (QPNA)

4. Formative group and individual discussions; written and verbal feedback; Question, Pause, Nominate, Answer (QPNA)

5. Formative group and individual discussions; written and verbal feedback; Question, Pause, Nominate, Answer (QPNA)

6. Formative group and individual discussions; written and verbal feedback; Question, Pause, Nominate, Answer (QPNA)

7. Formative group and individual discussions; written and verbal feedback; Question, Pause, Nominate, Answer (QPNA)

8. Formative group and individual discussions; written and verbal feedback; Question, Pause, Nominate, Answer (QPNA)

9. Formative group and individual discussions; written and verbal feedback; Question, Pause, Nominate, Answer (QPNA)

10. Advice and guidance on retirement policy within the trust.
      Retirement policy

 This course is open to all employees in the Heart of England NHS Foundation Trust, who feel they may benefit from the course prior to retirement.Requests are also accepted by managers, applying for training on the behalf of their staff, who may require additional learning on this topic.

3 hours

This course is open to all employees in the Heart of England NHS Foundation Trust, who feel they may benefit from the course prior to retirement.
Requests are also accepted by managers, applying for training on the behalf of their staff, who may require additional learning on this topic.

16 November 2011   Education Centre Good Hope Hospital   9.30 am - 1:00 pm

01 February 2012    Education Centre Heartlands Hospital    9.30 am - 1:00 pm

18 June 2012          Education Centre Solihull Hospital         9.30 am - 1:00 pm

Contact  Healthcare Careers Development Unit:
(0121 42) 44189   or hcdu@heartofengland.nhs.uk