“What happened to the pension in my old job?”
This is a question I have been asked a number of times when doing financial reviews for clients.
Many of us leave our jobs and are so focused on a fresh start and looking forward that we neglect to address what we’re leaving behind……our pension funds!
Your choices as regards what to do can vary depending on the structure of the pension scheme. Here are some potential options:
This year my clients have moved money out of their old pension funds to buy property (commercial and residential), invest in the stock market or grow their pension pot through structured investment funds.
While Option No.4 (PRB) may be the best option for most people, I have advised many clients not to move their pension funds as the scheme they are in is well funded and has a promise to pay a decent income to them at retirement.
Like all personal financial decisions, you should get independent advice based on your own circumstances.
As a starting point you should call Coleman Financial Planning today on (01) 5313711 or email us at firstname.lastname@example.org to discover what option suits you best. There is no charge for the consultation and it could save you thousands.
Make a start on giving yourself the retirement options you deserve!