Your Questions: My husband is retiring the end of this year. We have been paying into a pension and have received a lump sum, with the remainder invested.


We put this to Mark Reilly, Pension Propositions Lead at Royal London. He has assumed that you are both in your 60s and are planning to live off your husband’s pension plus any state pensions that you might be entitled to.

Before considering how you might save or invest your lump sum, you can potentially clear off any mortgage, personal loans, or credit card debt you might have.