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Financial Review for Job Changes: Maximising Benefits and Avoiding Pitfalls

Updated: Mar 21, 2023

With one in five employees planning to change jobs this year, it is a good idea to let your financial adviser know if you are one of those with a change in sight.

If you've started a new job, it's time to have a financial review.

With one in five employees expected to change jobs this year, it's important to inform your financial adviser of any job changes in your future. This not only includes the many things you need to consider during a job change, but also the financial implications and administrative tasks involved.

A change in circumstances can have a significant impact on your finances, so it's important to work with your financial adviser to make the most of the situation and avoid any pitfalls.

During a job change, you may need assistance with starting a new workplace pension, tracking your old pension, deferred pension schemes, insurance policies, benefits, remunerations, death in service, sick pay, and more. Your financial plans should always be kept up-to-date, and a job change is a great opportunity to make the most of your finances.

Have you recently experienced a life change, such as a move, marriage or divorce, a new child, downsizing, or receiving an inheritance? These changes may trigger the need for a financial review. For example, a client recently downsized and released equity, and our team was able to help him make the best decision for his circumstances.

Don't let change pass you by. Take control and make the most of your finances for a brighter future. Contact your Life Stage team today to inform them of any changes in your life.

Reeves Independent, by your side throughout your retirement journey.

The articles are for information only and should not be construed as advice or a recommendation. The investment strategies mentioned are examples only and may not be suitable for your particular: circumstances, tax position or objectives. Please seek independent financial advice before taking any action.

No advice should be conferred from the articles. No action should be taken without independent professional financial advice as any actions on your pension may be irrevocable and have a big impact on your income in retirement.


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