If you decide to leave your investments where they are, it’s still a good idea to review the funds your money is invested in. Do they match the amount of risk you’re comfortable with? Do you even know where they’re invested and how risky the funds are? If the answer to either of those questions is ‘no’, it’s important to get some professional help.
Be very careful of scams. For example, if you’re under 55 and anyone tries to tell you that you can take a loan from your pension to use for your personal needs, don’t believe them – you can’t.
If you take money out of your pension before the age of 55, you’ll end up paying huge fees to the company who suggested it and face a large tax bill. You might even lose what’s left.
Even if you’re over 55, don’t automatically think that using money from your pension to pay debts or bills is the right thing to do. There is something else you can do that might work better for you in the long run. Again, these are decisions that might be best made with the help of a financial adviser.