Overview  

Practice management includes looking after your and your employees personal financial needs. 

Employees that are confident in their personal financial decisions and can see the firm's investment in them will be more satisfied and become higher performers. 

This event will improve your employees financial intelligence by identifying negative thinking patterns regarding money and investments and assist with rectifying any negative patterns. 

Empower yourself and your employees with knowledge of the financial industry and the choices you have, and remove the real risk factors that could have detrimental effects on your life.

Learning objectives 

Attending this live event will empower you to understand:

• How your thinking can negatively affect your money decisions.
• How improving your employees financial intelligence will improve your firm's performance.
• The options related to pension plans and retirement annuities.
• Understand tax implications on retirement plans.
• Understand sickness and disability cover.
• Understand the principles of drafting a will.
• Understand the benefits of having a Trust.

Course content

The following topics will be covered in the live event:

• Negative thinking about money and how to avoid them.
• How does my company pension or provident fund work?
• How do I benefit from employer contributions?
• How do my company benefits work i.e. Group Life & Disability?
• Risk vs. Growth – How do I choose my investment portfolios?
• Retirement/Resignation – What are my options and what are the Tax Implications?
• Discussing the need/importance of risk insurance.
• Why should I have additional cover if I’m covered through my company group scheme?
• Components of Insurance – Life, Disability & Dread Disease cover.
• Pitfalls of Insurance:
  • How to avoid overpaying.
  • How to avoid incorrect cover.
  • Understanding the difference in benefits and difference in payment structures.
• Planning for Retirement:
  • Compound Interest & Tax benefits.
  • Wills – Do I have an updated one and is it practically executable?
  • Executor’s fees & estate duty – How will this influence me?
  • Do I need a Trust – What are the benefits?

Obtaining your CPD certificate

This is a personal improvement event that is part of the Practice Management series. 

It only qualifies for unstructured CPD hours with your professional body including ACCA, SAICA, AAT, SAIPA, SAIBA, IAC, CIS, ICBA, LSSA, FPI, and the IBA.

Who should attend

This event is ideal for professionals working in an auditing or accounting practice, including:

• Qualified CAs, PAs, BAPs, and others.
• Trainees accountants.
• All support staff.