Return to the Home Page		Changing Careers When you change your job, financial matters - apart from your new salary, are probably not uppermost in your mind. Yet it is important to consider them. Whether the decision to move on was your own, or you've been made redundant, benefits such as your pension will almost certainly be affected. EMF can help you establish what action to take to adjust matters to your best advantage. When you leave your job you'll also be leaving behind the benefit package that came with it. This might have included a pension, together with life assurance and health insurance. In your new job, the likelihood is that the package won't be the same. What you need to do is assess the changes, then decide how to ensure your present and future needs are going to be met satisfactorily. That's where EMF can help. Your Pension You have several choices regarding your existing pension. First, you might choose to leave it with your former employer, though you should weigh up the effects of inflation against this simple option, because all contributions to your pension will cease when you leave. If you only spent a short time with your previous employer, a cash refund may be most beneficial (though this would be subject to a tax deduction to offset the tax advantage you previously enjoyed.) Alternatively, a transfer to your new employer's pension scheme could work out well, providing the old pension retains its previous value. If your new employer does not have a pension scheme perhaps you should start a personal pension policy. The advice we offer will be based on far ranging expertise and a thorough exploration of your present and likely future circumstances. Life Assurance and other Benefits It's not only your pension that will be affected by your job change. Life assurance and health insurance also merit serious thought. Perhaps you hadn't made such a provision previously: well now's your opportunity! Whatever your choices, you'll find our unbiased advice indispensable. Treat Your Future with Care We've shown that changing jobs is an ideal time to review your financial arrangements and change them to your advantage. EMF can be relied on to help you make the right choices. It's your future - so look after it today. EMF Financial Services is authorised and regulated by the Financial Services Authority.
EMF and Independent Financial Advice
The Cost and Benefits of Independent Financial Advice
Financial Planning for Women
Pension Planning and Getting the Most from Your Retirement Income
Getting Married
Choosing the Right Mortgage
The Birth of Children
Planning Your Children's Education
Changing Careers
Contact Form
Return to the Home Page