Should I take voluntary redundancy?

Hooverfish

Registered User
Messages
129
I have made being trying to get an appointment with an adviser but no joy yet just to independently review all the figures.
I put in a lot of effort to get a financial review for my partner last year. Unfortunately given the timescale of your decision, I found that the only way was to search out the different advisors and work through the effort of "interviewing" all their approaches until I found one that met mine and whose communications I felt I could understand clearly. Quite a few don't really offer fee-based approaches, because they say people aren't prepared to pay what it really costs for them to gather all the data and discuss your life-intentions to meet the independent financial advisor "rules". There are some. And their "prices" really do vary a lot so there is no quick way to find the right one on that aspect either.

Again, this is just my experience, your mileage may differ on the same journey. I also did my own research and my own "back of an envelope" excel amortisation calculations on how my partner's funds might last in different circumstances. I was very happy with the advisor chosen but unfortunately COVID-19 has meant we had to put the resulting plans largely on hold. Which then resulted in having to take on full-time care of a relative with no social welfare available due to money in the partner's bank accounts...! So always remember, you really cannot predict where life will take you more than a year or two ahead. Live life for now, not for an imaginary golden future.
 

Ruththeboot

Registered User
Messages
17
So true I can remember reading this forum years ago on maternity leave and now I have adult children. The whole process has been beneficial in that it has made us look at how spend our money and also our lack of financial planning. I am trying to organise seeing somebody to review our situation thank you for your experience re that. My partner and I definitely have come to the realisation that we were drifting through rather than living life to the maximum. I realise everybody has different approaches and expectations but I am glad to have stepped back and taken a close look at the bigger picture. It has been almost cathartic.
 

lledlledlled

Frequent Poster
Messages
339
Sorry I missed your response and I appreciate the thoughts from a gender perspective because it is very relevant to my situation. I have been giving this lots of consideration and the main issue is that I do not have enough pension contributions to leave it dormant for 15 years. That's not allowing for the later state pension and the 3 yr gap between the 2. I have made being trying to get an appointment with an adviser but no joy yet just to independently review all the figures.
I would stay put, based on the fact that you dont have sufficient pension contributions.
 

Ruththeboot

Registered User
Messages
17
Thank you for your feedback thats the decision i have come to hope I do not regret it but it is what it is.
 

Leper

Frequent Poster
Messages
1,295
Thank you for your feedback thats the decision i have come to hope I do not regret it but it is what it is.
Hi Ruth,

Just following up (and it's none of my business) how did things pan out for you? Don't answer if you wish.
 

lowspender

Registered User
Messages
22
I left on better lumpsum conditions but if I had not great savings I don't think it would work. Pension amount is very important as the years go on.
 
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