Commutation Planner

The key to making the most of your commutation lump sum is planning. It's a good idea to start by working out what commitments you already have and any large expenses you anticipate in the future.

 

Our Commutation Planner will help you to see how much you'll need to put by to achieve your plans and how much you'll have to invest for your future. Need to know how much your commutation could be? Use our Commutation Calculator  

Plan your commutation

 
1. Emergency Fund

Consider your circumstances, lifestyle and spending habits to ensure you have a sum instantly available in case of emergencies.

As an example, the Industry standards for calculating and emergency fund is generally between 3 to 6 times monthly expenditure.

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2. Debts

One of the things you might want to do is reduce your monthly outgoings by paying off some, or all of your debts with your retirement funds or savings

Unsure if paying off your debts the right thing to do? click here for more information.

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3. Luxuries

Time to treat yourself

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4. Help for the family

Are you planning to help your family members onto the property ladder or contribute to wedding expenses?

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5. Short Term Expenses

Consider any expenses you may encounter in the next 5 years where you may need to access some of your funds. For example, school or university fees, cost of long term care for elderly relatives etc

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6. New Hobbies/Ventures

Extra time on your hands to do something you’ve always wanted to, whether that be a new hobby or new venture

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These calculations show that you will have
-£
remaining from your commutation.
Oops! You might want to recheck your numbers.
For more information about Whole of Market Independent and Impartial Advice click here
Unsure what to do with your remaining commutation lump sum? Our Independent Financial Advice Service might be able to help you.
To find out more about Police Mutual’s range of Investment Products click here
0800 652 9326 Call to discuss your Police Mutual options

The Commutation Planner should be used as a guidance tool and doesn’t constitute any formal advice from Police Mutual