9 – 13 September 2024 is Pension Awareness Week.
University Pension Schemes
Pension Awareness Week is the perfect time to take a closer look at one of the key benefits included in your total reward package—your pension. Currently, 95% of colleagues are part of either the Lothian Pension Scheme or the Scottish Teachers Pension Scheme. These schemes offer valuable benefits such as life cover, a guaranteed retirement income, and a range of flexible retirement options which allow you to access some of your pension benefits if you reduce your hours.
If you'd like to learn more about your specific pension scheme, you can access additional information via the links above.
Understanding how pensions work, or even thinking about them, can feel daunting. However, both pension schemes provide options to strengthen your retirement savings through additional voluntary contributions (AVCs). These contributions are a great way to enhance your pension and secure your financial future.
Salary Finance Livestream: How to handle life's financial curveballs
In the spirit of financial wellbeing, join our financial wellbeing provider, Salary Finance, for an interactive livestream event covering the different financial curveballs that can pop up and what your options could be to deal with them. Our experts will share practical tips including: how to build an emergency fund, create a flexible budget and reduce debt to help you navigate unexpected financial challenges with confidence.
- Date: Wednesday 11 September 2024
- Time: register for your preferred 45 min time slot: 10am, 3:30pm
What you'll learn:
- The most common financial curveballs many of us face
- How to overcome financial curveballs before and after they occur
- How Salary Finance can help
My Money Matters
To help you make informed decisions, My Money Matters has a variety of resources available during Pension Awareness Week:
- Blog post - Dispel some common pension myths this Pension Awareness Week by giving this blog a read.
- Webinars - Pension Awareness Week: Knowledge gives you choice' has been created by the Financial Education Coaches at My Money Matters to give you all the pension facts you need.
- Knowledge Hub - Build on what you learnt during the webinar with the help of the AVC Knowledge Hub and use the retirement calculator to find out how much you could save with a Shared Cost AVC scheme.
- One-on-one coaching session - Ability to book in with a Financial Education Coach to get one on one tailored information about Shared Cost AVCs.
My Money Matters also have video explainers, and handy resources available on their website.
Secure Your Future Today
The steps you take now can have a lasting impact on your financial future. We encourage you to take advantage of Pension Awareness Week to better understand your pension options and participate in one of the available sessions.