What should you update financially when you start a new role?

Changing roles isn’t just a career step, it often requires a financial reset. A new salary, new benefits, new workplace pension, and new personal goals all mean your finances should be reviewed and aligned. Here are the key areas to revisit when moving into a new role:

▪️Update your pension contributions: Ensure you’re enrolled, check employer contributions, and adjust your personal contributions as desired.
▪️ Review or update your will: A change in income or benefits may affect your estate planning.
▪️ Adjust your savings and investments: Recalculate monthly amounts based on your new take-home pay.
▪️ Review insurance: Income protection, life cover & critical illness cover may need updating.
▪️Reassess expenses and budgeting: Commutes, childcare, memberships or lifestyle changes may shift your spending.

A job change is a perfect opportunity to make sure your financial life fully supports you and your family for the next chapter & we recommend reaching out to a specialist to advise you.

Here are a few advisors that could help:
▪️ Carol Glynn, Conscious Finance Coaching
▪️ Dan Lee, Vault
▪️ Declan Lamyman, Lamyman & Co Wealth
▪️ Ian Clayton, FinPlanPro
▪️ Felicity Daunt, RBC
▪️ Georgina Wilkinson, St James Place