Independent financial advice
Many of us worry about how we will cope financially in the future and this can be stressful. The temptation is to put any planning to one side, and to promise yourself that you will give it some more thought at a later time.
However, it makes sense to plan ahead to how you will manage later in life.
It is worth thinking about:
- secure pension arrangements that will give you the best possible results when the time comes to retire
- any savings, investments or other assets are in the best schemes for you to make the most of them
- whether you will be able to access and pay for a good level of care and support should you need it
- how your finances and other affairs will be looked after should you no longer be in a position to look after them yourself
- preparing a will so you can be confident that your affairs will be dealt with in accordance with your wishes if you die
It’s always worth talking about your finances with independent experts to be sure that you are getting the most complete and accurate advice.
It's also important that any advice you receive on money matters is impartial and puts your needs and interests first.
Below is a list of organisations you can go to for advice.
All advisors on the database have to prove that they meet appropriate criteria and have the right qualifications before they are accredited by SOLLA.
Money Advice Service (MAS) are an independent service, set up by central government. They help people manage their money by giving free and impartial advice on all money matters.
Tax Help for Older People advises older people about tax problems across the UK. They use fully trained volunteers who are completely independent of HMRC and provide a confidential service.
Your local Citizens Advice Bureau can offer free and impartial advice on a wide range of financial issues, and will point you towards more specialist advice when appropriate.