It’s never too late to take control of your finances, and your future.
If you’re aged 45-65, the Department for Work and Pensions (DWP) has created a new Midlife MOT website, specifically designed to help you in 3 key areas:
The site includes a new tool from the government’s MoneyHelper service, which will help you understand your current finances, and learn what you can do to improve your financial wellbeing from now until retirement.
It also offers advice on things like finding work over 50, how to get a free NHS health check if you’re over 40 and where to go for financial support or help to get out of debt.
You can visit the site now to find out more
The DWP’s Midlife MOT website is entirely free to use and brings together support from a range of organisations and charities, including the NHS, Mind, MoneyHelper, Citizens Advice and the Department for Work and Pensions’ find a job portal.
You can use it alongside the lifestyle calculator too - a quick and easy tool to help you take stock of where you are now and make sure you’re prepared for the future ahead.
You may also want to use the PLSA’s Retirement Living Standards – a handy online tool aimed to give you a clearer idea of the cost of different levels of comfort in retirement i.e. minimum, moderate or comfortable.