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 higher put together for retirement.
The web site features a software from MoneyHelper which is able to present a personalised report to assist folks perceive what to prioritise to enhance their monetary place, from now by way of to retirement.
The web site says: “The midlife MOT is free on-line assist to encourage folks of their 40s, 50s and 60s to make extra lively planning in the important thing areas of labor, wellbeing and cash. It’s aimed 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 info on private pensions, firm pensions and different pension choices.
Man Opperman MP, Minister for Employment, stated: “We’re all dwelling longer and planning for later life is important however understanding the place to begin might be daunting.
“Our digital Midlife MOT is open to everybody and straightforward to entry, and can give folks the instruments to make knowledgeable choices – on their private funds, their well being and on their careers. I’d encourage older folks particularly to take a position the time to see precisely what it might do for them.”
The digital Midlife MOT is a part of the Authorities’s wider package deal to assist older staff discover and transfer into work in addition to serving to these already in work perceive what assist is offered.
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 essential to many individuals. Extra skilled, older staff provide a wealth of data however are sometimes written-off or ignored 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 better retention and extra expert staff.”