Planning for a Longer Life. Wellbeing Tips and Financial Management Strategies

As life expectancy rises, planning for a longer, healthier future has never been more important. While people living longer is always good news, it could also bring new challenges for your employees’ health and, crucially, their finances.

Our guide, Planning for a Longer Life: Wellbeing Tips and Financial Management Strategies, explores how your employees could help take care of both their physical health and financial security in later life. It covers important topics such as maintaining wellbeing during retirement and managing income and care costs.

Whether they are in the early stages of retirement planning or near retirement, this guide provides practical insights to help employees make better informed decisions for the future.

This guide is for general information only and does not constitute advice. The information is aimed at retail clients only. All information is correct at the time of writing and is subject to change in the future.

The Financial Conduct Authority does not regulate estate planning, cashflow planning, tax planning, trusts, Lasting Powers of Attorney, or will writing.

A pension is a long-term investment not normally accessible until 55 (57 from April 2028). The fund value may fluctuate and can go down, which would have an impact on the level of pension benefits available. Past performance is not a reliable indicator of future performance. The value of your investments (and any income from them) can go down as well as up and you may not get back the full amount you invested.

Note that life insurance plans typically have no cash in value at any time and cover will cease at the end of the term. If premiums stop, then cover will lapse.

Remember that taper relief only applies to gifts in excess of the nil-rate band. It follows that, if no tax is payable on the transfer because it does not exceed the nil-rate band (after cumulation), there can be no relief.

Accessing pension benefits early may impact on levels of retirement income and your entitlement to certain means tested benefits. You should seek advice to understand your

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