Book an appointment

Receiving a lump sum

Transform your future

When you receive a life-changing amount of money, it’s okay to leave it, take a deep breath and not make any rash decisions for a few months. It’s rare to have an opportunity like this that could greatly impact your financial future, so you want to make sure you make the right choices.

The best thing you can do is sit down and look at your entire financial situation. Do you have debts that need paying off? How is your pension pot looking? What are your investment goals? It’s only once we understand your situation that we can take the next step and devise a plan that is tailored to meet your financial aspirations.

Questions you might have

What should I do with my redundancy pay?

This is entirely dependent on the size of your payment, your existing finances and your job situation.

Using cashflow modelling we will visualise your future and weigh up the best options for you and your family so you can feel confident going into the next chapter. It’s always best to consider what you will need in the future before we determine whether to gift the money, invest it, or place it in a savings account.

Should I pay off my debts or invest?

As a rule, we would consider paying off your debts first. However, as part of our long-term relationship, we will review your plan and help you invest any additional money.

We will get your finances in check and in a position where you feel financially secure. You don’t often get this opportunity, so make the most of it.

Do I need the help of a financial planner?

Expert financial advice can be invaluable when you receive a lump sum. Especially if you’ve never had this amount of money before.

We ensure you make the best decisions for you and your family and will be here for the long term, adjusting your plan when necessary.

Is it wise to put the lump sum into savings?

Before we decide whether to save or invest, we will learn more about your short- and long-term goals and your attitude to risk.

We will only do what you’re comfortable with and will never pressure you into making a decision. After all, it’s your money.

Should I give any of the money away?

It’s great that you are feeling generous; however, before we decide where your money will go, we must put your needs first.

It’s always best to pay off any debts before we determine whether to gift the money, invest it, or place it in a savings account.

How we'll help

This is entirely dependent on the size of your payment, your existing finances and your job situation.

How we'll help

As a rule, we would consider paying off your debts first. However, as part of our long-term relationship, we will review your plan and help you invest any additional money.

We will get your finances in check and in a position where you feel financially secure. You don’t often get this opportunity, so make the most of it.

How we'll help

Expert financial advice can be invaluable when you receive a lump sum. Especially if you’ve never had this amount of money before.

We ensure you make the best decisions for you and your family and will be here for the long term, adjusting your plan when necessary.

How we'll help

Before we decide whether to save or invest, we will learn more about your short- and long-term goals and your attitude to risk.

We will only do what you’re comfortable with and will never pressure you into making a decision. After all, it’s your money.

How we'll help

It’s great that you are feeling generous; however, before we decide where your money will go, we must put your needs first.

It’s always best to pay off any debts before we determine whether to gift the money, invest it, or place it in a savings account.

The value of units can fall as well as rise, and you may not get back all of your original investment.

Explore the possibilities

Whether you’ve received the lump sum through inheritance, redundancy or a windfall, you won’t get this opportunity often in life, so we will ensure you do what’s right for you and your family.

We will never rush you into making a decision, and if you want time to consider your options, we will give you space to breathe, but we will always be here to answer any questions.

Your journey

Richard Chinn

16 days ago

We contacted Wholesome Financial Planning following mediocre service from our previous financial adviser. We had worked with Matt and Lucy previously and had no doubts about their professionalism, attention to detail, sound advice, excellent communication and speedy follow up on actions. As expected, Matt has been superb and given us total confidence that we made the right decision.

C S

18 days ago

Matt is very professional and has a calm way of communicating, which is important and reassuring. He explains everything clearly and patiently and responds to emails quickly. Fees were clear from the start and I experience him and the service I receive as steady and trustworthy. Highly recommended!

Angela Garwood

145 days ago

Lucy was recommended to us by a friend and was absolutely brilliant throughout. My parents needed guidance with a life insurance policy and she made a rather complex process much more straightforward. She updated us on her progress throughout and communicated clearly and efficiently what we needed to do. She was very reassuring, answering all of their queries and helping my parents understand the more complex elements to the policy. We highly recommend Lucy. Thank you Lucy for all your excellent and thorough work!

Ruth Page

319 days ago

I contacted Wholesome Financial Planning through recommendation of a friend. I asked if it was possible to have a home visit as my husband is disabled. There was no problem and Lucy visited us within 2weeks. Having a pension issue, she managed to explain to us simply and clearly how to solve this ourselves. As we are both over 80 years old, it was refreshing to have Lucy explain (what was for us a complicated issue)in simple terms how to solve it. We like to thank Lucy and Wholesome Financial Planning for a five Star Service.

Kay Wright

429 days ago

Excellent advice and guidance . It is clear Lucy is very knowledgeable in the areas of pensions and investing and has worked very hard to ensure her client base is well looked after . I would not hesitate to recommend her to anyone needing advice or guidance on pensions and pension planning.

Daisy Chains

627 days ago

Lucy provided initial advice. Her communication and response times were excellent based on a very clear pricing structure. Lucy provided clear and concise explanations and was patient when we asked questions. We received clear documentation and explanation of her recommendations.

M Mayes

721 days ago

We consulted Lucy after having recently retired. Lucy gave us a forecast that helped us to understand whether or not our retirement income was sufficient for our needs. She helped with consolidating separate pension 'pots' into one that can be monitored/managed online and in a fund that better suits our needs. Lucy gave us useful tools that supported with analysing our spending and our priorities for the immediate and longer term future. She arranged several meetings to listen to our needs, including attitude to risk, so that she understood them fully before providing us with advice which she was careful to ensure we understood. She also advised us about key points in the future when we should review if we did not take up the option of an annual review with her. Very satisfied customer!

We’re all ears

0118 315 1712 hello@wholesomefp.co.uk

3 School Terrace
Reading
RG1 3LS

Mon-Thur 9-5