The Division for Work and Pensions has launched a brand new ‘Midlife’ MOT web site to assist older staff with their ‘Monetary Planning’ and careers choices.
The DWP stated the free web site would encourage older staff to raised put together for retirement.
The web site features a instrument from MoneyHelper which can present a personalised report to assist individuals perceive what to prioritise to enhance their monetary place, from now by to retirement.
The web site says: “The midlife MOT is free on-line help to encourage individuals of their 40s, 50s and 60s to make extra energetic planning in the important thing areas of labor, wellbeing and cash. It’s geared toward each staff and employers and may also help you to make selections that may guarantee the long run retirement you need.”
The web site signposts to key organisations and charities, together with the NHS, Thoughts, MoneyHelper, Residents Recommendation and the DWP’s discover a job portal. It additionally offers hyperlinks to State Pension forecasts and consists of data on private pensions, firm pensions and different pension choices.
Man Opperman MP, Minister for Employment, stated: “We’re all residing longer and planning for later life is crucial however understanding the place to begin could be daunting.
“Our digital Midlife MOT is open to everybody and simple to entry, and can give individuals the instruments to make knowledgeable selections – on their private funds, their well being and on their careers. I’d encourage older individuals specifically to take a position the time to see precisely what it may possibly do for them.”
The digital Midlife MOT is a part of the Authorities’s wider bundle to assist older staff discover and transfer into work in addition to serving to these already in work perceive what help is on the market.
Andy Briggs, CEO of the Phoenix Group and Older Employees Champion for the Authorities, stated: “The will to remain in significant work for longer is already necessary to many individuals. Extra skilled, older staff provide a wealth of information however are sometimes written-off or missed for no good purpose.
“Age isn’t any barrier to studying and I encourage companies to take a position for all, to take pleasure in the advantages of larger retention and extra expert staff.”