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How to invest retirement lump sum

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christine888
christine888 Posts: 1 Newbie
in Redundancy & redundancy planning
I am due to retire soon at the age of 61 - i will be getting a lump sum of about £75,000 but a small pension of about £12,000 pa - as i can't get my state pension for another 4 years and my pension will be a third of my normal income - i am confused as to know how best to invest a large part of my income, approx £60,000 in order to supplement my pension on a monthly basis. Can anyone out there help please?

Comments

  • Bigmoney2
    Bigmoney2 Posts: 640 Forumite
    Have you been given figures for how much the pension would be if you don't take the lump sum, or take a reduced lump sum.

    Also remember that 'take home' pay for a pension will be higher than a salary as there will be no NI deducted or pension contributions taken out.
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