Next Steps

When planning your finances it is worth taking the time to take stock and think about producing an action plan before you start. Below are some useful steps which you might find helpful when considering planning for your financial future.

• Shop around for your financial products (insurances, utilities, borrowing products)
• Put a budget plan in place and make sure you are in control of your day-to-day money
• Make sure you are taking full advantage of tax efficient opportunities
• Review your TotalReward benefits to ensure you are maximising the opportunities they may provide you with
• Work out your financial goals and set realistic targets to achieve them
• Keep track of the value of your GSK Share Schemes
• Make a Will and keep it up to date
• Calculate what acceptable income level you will need in retirement
• Obtain your pension figures from the HR Service Centre
• Consider when and how you might want to draw an income in retirement
• Calculate your pension after income tax deductions
• Obtain forecasts on your GSK pension and other pension plans
• Seek guidance and advice