Midlife MOT: New digital tools

ent has launched an enhanced digital Midlife MOT. This provides an opportunity to take time out and think about your work, health and money. The aim is that by looking at all three in one place, you can start to think about how you can enjoy a healthy working life and plan for a more secure retirement.

As part of this, The Money and Pensions Service have created a Digital Midlife MOT to help people, particularly those aged between 45-65, assess their current financial situation and plan for the future.

The personalised report pinpoints areas to focus on for financial security. It also suggests areas for improvement and growth. This guidance helps users from now through retirement and beyond. The ‘MOT’ output addresses common financial concerns.

Carpenter Box Financial Advisers take a more rounded approach, considering your individual circumstances to provide a personalised plan to help you to achieve your financial goals. 

Some common areas of concern:

  • How much do I need to save now to provide me with enough income for my retirement?
  • What is my pension invested in, are there any benefits and how do I keep track of my investments?
  • Am I taking enough/too much risk with my retirement wealth?
  • How do I minimise the amount of Inheritance Tax due on my estate?
  • My parent needs care, how do we fund this?
  • I would like to start saving for my grandchildren, how do I do this? 

If you’d like to discuss the output of your MOT or any other aspect of your financial planning, you can contact us at 01907 534587.

The value of your investments can go down as well as up, you may get back less than you invested

The Financial Conduct Authority does not regulate estate planning or inheritance tax planning