Retiring

If you are coming up to retirement, or you retired recently, it may take time to adjust to your new circumstances, particularly when it comes to your finances.  We have lots of information to help you, including information on drawing down your pension.

• Consider your saving and investment options
• Shop around for insurance
• Releasing equity in your home
• Keep and eye out for special offers
• Managing your daily expenses

Consider your saving and investment options

When you retire, you may have a lump sum that you want to save or invest. Consider contacting a financial advisor if you think you need help making a decision. We have lots of information on saving and investing, including comparing savings and investment options, understanding risk and information on how deposits and investments are protected.

Shop around for insurance

Some insurance providers offer cheaper insurance cover for senior citizens, so it may be a good time to review your insurance. Our home insurance and motor insurance shopping around checklists will help you organise quotes and compare prices and benefits. You can also check out our cost comparisons to see the range of insurance quotes available.

Releasing equity in your home

You may be aware of schemes and products available that allow you to release equity in your home, such as lifetime mortgages or home reversion. We outline many issues you should consider in our information on equity release.

Managing your daily expenses

Retirement might mean you will have less disposable income and you may want to adjust your spending. Use our handy budget planner, to set yourself a budget for all your spending and help you keep track.

Keep an eye out for special offers

Take advantage of the many offers available by retailers and banks such as free banking, award systems and deal days for seniors. See our money saving tips for more hints to help you get more value for your money.

Pension benefits explained

When you retire, what happens to your:

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