Company Pensions

When you leave your job because of retirement or redundancy you will probably have to make some important financial decisions. The immediate worry may be how to live on a reduced income either in the short or the longer term. Many people have substantial lump sums from redundancy or the pension commutation, what is the best way of dealing with it?

We recommend that you take professional advice but these pages are intended cover the basic concepts of investment and will help you ask the right questions.

The first steps - Budgeting

How will I cope on a reduced income? Budgeting and working out the new income.

Taking financial advice

Where do you find advice? What do advisers do and how much do they cost?

Financial products

There are many ways to invest money, how do the main products work, what are they designed to do, what about charges, performance, risk, returns, security?

Why invest and what do you look for in an investment?

What do you want your money to do for you? What factors do you need to consider before you invest? Do you want high returns, low risk, accessibility? What other factors need to be thought through?

Mortgage considerations

Should I pay off the mortgage?

The Retirement Counselling Service Ltd
Unit 8
Corinium Industrial Estate
01494 433553