share

informed decisions blog

Leaving Employment - What Happens To My Pension #246

November 28, 2022

You have decided to make a career change or take a redundancy offer but can't help but ask, 'what happens to my pension benefits?'.

When leaving your job, apart from the small matter of securing your financial future, what to do with your pension benefits is one of the most important things you need to consider. This can be especially so if you and your employer have been diligently contributing to your pension scheme for many years!

Key Points:

  • Beware 'Advisors' that tell you to move it, without due analysis to ensure it is best for you
  • You will have 3 main options for your pension benefits when leaving employment
  • You are entitled to an option statement after leaving, it's important to know what it means
  • If it is a good idea to combine multiple older pensions into one scheme

Disclaimer

The content of this site including blogs and podcasts is for information purposes only. Everybody’s financial situation is different and the content we share on our site and through podcasts may not be applicable to you. 

The articles, blogs and podcasts are not investment advice. They do not take account of your individual circumstances, including your knowledge and experience and attitude to risk. Informed Decisions can’t be held responsible for the consequences if you pursue a course of action based on the information we share

You may also like...

US Market Warnings – And What We Can Do About It
February 17, 2025

US Market Warnings – And What We Can Do About It

There is more and more commentators shouting from the roof-tops about the massive growth of North American stock values and earnings over the past few years (since Covid really). I’ll explore what is and isn’t really happening, and what one’s practical options are. 

find out more
EIIS Investing in Ireland with Kevin Canning
February 10, 2025

EIIS Investing in Ireland with Kevin Canning

In this week's podcast I talk with Kevin Canning, Managing Director of Quintas Capital. Kevin specialises in private markets and is the Investment Director of The EIIS Innovation Fund managed by Quintas.

find out more
Holding Companies and Family Partnerships For Smart Tax Planning
January 27, 2025

Holding Companies and Family Partnerships For Smart Tax Planning

find out more

Retired or close to it?

Informed Decisions are one of Ireland’s only remaining independent financial advice firms. We specialise in retirement & investment planning for successful individuals, so that our clients only have to retire once.

Retire Successfully • Reduce Taxes • Invest Smarter

Find out how we can help...

Our Process